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Central Finance and Treasury

The NAO audits the accounts of the Treasury and its arms length bodies (including National Savings & Investments and the Debt Management Office, but excluding The Bank of England) and those of Central Funds, and we work with the Treasury on its Whole of Government Account. Our VfM work covers selected areas of HM Treasury's activities, and aims to improve compliance and efficiency, and reduce the administrative tax burden.

The Comptroller function requires the C&AG to approve all requests for the transfer of money into or out of central funds.

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Latest reports in this sector

Advice, guidance and tools

In addition to formal reports to Parliament, we also produce a range of other outputs from our financial audit and VFM work. Examples include:

Departmental Overview: A summary of the NAO's work on HM Treasury 2010-2011

September 2011

This Departmental Overview is one of 17 we have produced covering our work on each major government department.

Departmental Overview 2010-2011

Taxpayer support for UK banks: FAQs

October 2011

We have created a dedicated page setting out our work regarding taxpayer support for UK banks. We have also listed some related frequently asked questions and their answers.

Taxpayer support for UK banks: FAQs