The BBC's management of risk

An independent study by the National Audit Office (NAO) has been laid before Parliament by the BBC Board of Governors.

Links to the BBC website, where the press releases and reports are found:

• Press notice (21 November 2006): BBC governors publish independent value for money studies
• Report: The BBC's Management of Risk

The National Audit Office carries out its work at the BBC under the terms of the July 2006 agreement between the Secretary of State for Culture, Media and Sport and the BBC [Footnote 1]. This agreement requires the BBC Trust to:

• discuss with the Comptroller and Auditor General (C&AG) the possible scope of its audit programme;
• agree with the C&AG the information needed to conduct such a discussion and how it is to be accessed;
• decide upon its VFM programme;
• confirm with the C&AG what studies the NAO will undertake at the BBC, although the Trust cannot compel the C&AG to carry out any study at the BBC.

All studies under this programme are now reported to the BBC Trust’s Finance and Strategy Committee and subsequently laid before Parliament, together with any response from the BBC Executive and the BBC Trust.

1. [back from footnote 1] Broadcasting: An Agreement Between Her Majesty’s Secretary of State for Culture, Media and Sport and the British Broadcasting Corporation, July 2006, Cm 6872