60. We believe improved financial information combined
with increased scrutiny by select committees would be a powerful
influence in raising the quality of Departments' financial management.
Select committees, the House and the Treasury have a common interest
61. We have called in this chapter for a major overhaul
of the financial information provided to Parliament and the principles
underlying it, in accordance with the aims set out in paragraph
9 above and with the aim of improving the quality of financial
information rather than necessarily increasing its quantity. We
recognise that much detailed work will be needed on this, and
that it will take time, depending partly on the progress of the
Treasury's Alignment Project. We invite the Treasury to enter
into dialogue with us about how our proposals should be implemented,
and suggest that testing them first on a single Department or
several Departments may be the best way forward.