(10 years, 1 month ago)
Commons ChamberThe whole point is that the American system is completely different from ours, so it would be unwise for me or anyone else in this House to lecture President Obama on when he should go. Actually, the United States does have a system whereby a President can be removed through impeachment, and President Nixon took that route.
I agree with much of what the hon. Gentleman is saying, but I think his comment about the former Prime Minister Tony Blair was a little unfair. I cannot see that particular relationship with the United States, but does the hon. Gentleman see such a relationship in respect of the search to import other constitutional effects? I have never liked the idea of referendums, for example. Does he agree with me on that? In addition, of course, the idea of a recall is very much derived from the American experience.
I take back that cheap shot against Tony Blair—it was perhaps unnecessary—and I entirely agree with the hon. Gentleman. Over the centuries, we have established a pretty good system. I think we are the only country in Europe never to have been a police state or had a police state imposed on it. We should be pretty proud of our slow constitutional growth.
(11 years, 1 month ago)
Commons Chamber4. What steps the Public Accounts Commission is taking to encourage improvements in the quality and standard of training in the accountancy and audit professions.
The Public Accounts Commission has a number of statutory functions in respect of the National Audit Office, including approving its corporate strategy, agreeing and laying its estimate and appointing non-executive members of the NAO board. Naturally we have no direct responsibility for training, but we always press the NAO to fulfil fully its obligations on training.
I am sure the hon. Gentleman is aware that many of us who had employees in the banking sector and friends who had a stake in the banking sector were horrified by the lack of ethics of the accountancy profession when it came to the basic job of auditing the banks and auditing other big corporations where they did it badly. Surely we should speak up through the Commission about ethics, responsibility and moral certitude in accountancy.
That is a very interesting question but it is rather wide of our responsibilities. I wish we had those responsibilities, but we are responsible only for the budget and the annual report of the National Audit Office, which audits accounts in the public, not the private, sector, so I am sorry I cannot do more for the hon. Gentleman.
(11 years, 6 months ago)
Commons ChamberWill the hon. Gentleman send the House’s congratulations to NAO staff, who do such a good job, particularly in bursting the bubble on High Speed 2? They have shown what an absolute waste of public money it will be. It will cost approximately £50 billion, which could be spent regenerating our towns and cities.
(11 years, 8 months ago)
Commons Chamber5. What assessments he has received from independent sources of the quality of the work carried out by the National Audit Office.
A number of external reviews are in place to provide independent assessments of the quality of the National Audit Office’s work: the NAO’s financial audit work is subject to independent review by the audit quality review team of the Financial Reporting Council; the quality of the NAO’s value-for-money reports is independently reviewed by independent experts from Oxford university’s Said business school and Risk Solutions; and the NAO’s external auditors conduct an annual value-for-money assessment, which is reported to the Public Accounts Commission.
I am most grateful for that reply. All Members would normally agree that the National Audit Office does a very good job. Like the hon. Gentleman, I was once a member of the Public Accounts Committee. Did he see the vicious attack on the Chair of that Committee by the Justice Secretary just a few days ago, alleging that she was biased, unprincipled and should not chair that Committee? Is that right?
(13 years ago)
Commons Chamber3. What recent discussions the Public Accounts Commission has had on ways in which the National Audit Office can be made more effective and efficient.
The Public Accounts Commission discusses the NAO’s use of resources twice a year. Last November we endorsed its strategy for the three years from April 2011, which included plans to save 15% in nominal terms—21% in real terms—over that three-year period. The commission looked at the NAO’s efficiency gain in March when we examined its draft estimate. The commission will next meet on 7 December to consider the NAO’s proposed resource requirements for the three years starting in April 2012.
Have the hon. Gentleman and the commission considered introducing the same sort of reforms that the Government have produced for the Audit Commission? Has he considered using the big five private accountancy firms more widely, or has he learned some lessons from the disaster that is the Audit Commission reform?
All that has happened so far—we will discuss this at our meeting on 7 December—is that the Government have proposed that the NAO take over from the Audit Commission solely responsibility for the preparation and maintenance of the code of practice, which sets a framework for the audit of local bodies, together with associated guidance for local auditors. The NAO will also be able, when reporting to Parliament on the activities of central Departments, to examine the impact of policies administered by local bodies. The NAO is making preparations for those potential areas of work. We will give it sufficient resources to enable it to do that work responsibly and properly.