Written question asked by Hilary Benn (Labour) on Tuesday, 15 May 2012, in the House of Commons. It was due for an answer on Monday, 21 May 2012. It was answered by Robert Neill (Conservative) on Monday, 21 May 2012 on behalf of the Department for Communities and Local Government.
Audit Commission
- Question
-
To ask the Secretary of State for Communities and Local Government with reference to his answer of 30 April 2012, Official Report, column 1234, if he will provide a breakdown of the £650 million saving over five years expected from the planned abolition of the Audit Commission.
[108383]
- Answer
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Working estimates from the draft impact assessment of local audit reforms show that there will be a saving to the public purse of £650 million over the next five years as a result of the programme to disband the Audit Commission and reform local audit. This figure (which is net of transitional costs) comprises savings from the end of inspection and assessment work, a reduction in audit fees as a result of transferring the work to the private sector, and the slimming down and then closure of the Audit Commission. A full breakdown of the savings will be published in the impact assessment alongside the draft Local Audit Bill.
Secondary information
- Type
- Written question
- Reference
- 108383; 545 c393W
- Session
- 2012-13
- Subjects
- Audit Commission Finance
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 06:19:10 +0000
- URI
- http://hansard.intranet.data.parliament.uk/Commons/2012-05-21/12052133000298
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2012-05-21/12052133000298
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2012-05-21/12052133000298