Their combined knowledge and experience from time spent on the Treasury Select Committee and Public Accounts Committee will be a great asset to the Treasury as it acts to strengthen financial discipline across the public sector.
Key areas of their remit will be:
- Input to the Treasury’s newly formed Financial Management Advisory Panel, which brings external challenge to the development and implementation of a new financial management strategy for central government;
- To act as champions for modernising the public spending information that Parliament receives in order to improve transparency;
- To advise on the Government’s approach to the management of strategic financial risks in public service delivery; and
- To provide independent assurance and advice to relevant projects as they are initiated and progressed.