Effective governance is vital to the success of an organisation. We aim to practise what we preach by upholding high standards of governance in our operations and decision-making.
The NAO’s governance arrangements reflect our statutory position, balancing the need for appropriate controls and oversight against the preservation of the C&AG’s independence. This balance is recognised in the Budget Responsibility and National Audit Act 2011, which establishes the statutory basis for the NAO’s governance.
The Act modernised the NAO’s governance arrangements, while protecting the independence of the Comptroller & Auditor General in matters of audit judgement.
The Act received Royal Assent on 24 March 2011 and took full effect from 1 April 2012
The Board, chaired by Sir Andrew Likierman, exists to provide support and challenge to the C&AG and the executive management of the NAO, and is supported by an Audit Committee and Remuneration and Nominations Committee. It provides formal governance to the development of the NAO’s key corporate policies and documents, including the Strategy and Annual Report.
The Public Accounts Commission was established by the 1983 National Audit Act to oversee the work of the NAO.The Commission is separate from the Committee of Public Accounts, although there is some overlap in membership. In addition to the responsibilities under the Budget Responsibility and National Audit Act, the Commission’s functions are to:
The Commission meets twice a year; once to consider the NAO’s three year strategy (typically in the autumn) and once to consider the NAO’s estimate (in early spring).