Abstracts: November 13th, 2003

In ‘Strategic Regulation’ the Audit Commission sets out how it will move to a risk based audit of local government. It will leave the excellent relatively alone so that it can focus attention on those with a greater need to raise their game. The aim of the new approach will be to drive up standards in public sector organisations, many of which are effective monopolies, and focus on the needs of all those who use public services. The reduction in audit and inspection activity will result in an annual saving of 18 million pounds. The Commission will refocus local value-for-money audit work on audited bodies ‘ overall financial and performance management arrangements and discontinue mandatory work on individual services and functions. This will require changes in legislation.Strategic Regulation: minimising the burden, maximising the impact, is published by the Audit Commission and is available at http://www.audit- commission.gov.uk/aboutus/downloads/StrategicRegBurdenWEB.pdf