In its written evidence to us, the ICAEW told us that the WGA was not yet filling its full potential as it was not being used as the multi-purpose tool that it should be. The Institute maintained that annual financial reporting is a multi-purpose tool that underpins effective financial management, strategic decision-making, risk management, governance processes, and regulatory and legal compliance. It told us that the WGA had enabled progress to be made in many of the above areas. However, it...

In its written evidence to us, the ICAEW told us that the WGA was not yet filling its full potential as it was not being used as the multi-purpose tool that it should be. The Institute maintained that annual financial reporting is a multi-purpose tool that underpins effective financial management, strategic decision-making, risk management, governance processes, and regulatory and legal compliance. It told us that the WGA had enabled progress to be made in many of the above areas. However, it also told us that the continuing pattern of delays in accounts production we have explored earlier in this report prevent the WGA from being sufficientl Type: conclusion | Number: 30 | Response status: partially_accepted Government response: 6.1 The government agrees with the Committee’s recommendation. Target implementation date: Spring 2024 6.2 HM Treasury is committed to improving accessibility of the information within the WGA. The department would welcome an opportunity to work with the NAO