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Home >  Public spending & reporting >  Financial management and reporting in central government  >  Edward Leigh and John Pugh to act as Financial Advisors to Treasury > Terms of reference

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Terms of reference

17 September 2010

Purpose and Remit

To provide independent advice, support and challenge to the Treasury and the activities it is undertaking that are aimed at improving financial management across government.

To act as a Parliamentary ambassador and promulgator of strong financial discipline.

Responsibilities

The key responsibilities of the role are set out below:

• To provide independent challenge, advice and support to the development of financial management across central government.  Specific areas of initial focus are:
• • To input to the long-term strategy for improving financial management.  This would involve being a member of the Financial Management Advisory Panel, which brings external challenge to our development and implementation of a new financial management strategy for central government.  The Panel meets every 6 to 8 weeks (draft terms of reference for the Panel are attached);
  • To act as a champion for modernising aspects of the public spending information that Parliament receives so that transparency is improved.  This includes the benefits of the Alignment or Clear Line of Sight Project, and would involve reviewing progress with the project team and identifying the types of message that will resonate to best effect with Parliamentary colleagues;
  • To advise on the Government’s approach to management of strategic risks in public service delivery and finances.  This could include providing challenge on financial performance measures that would be used to assess the effectiveness of financial management by departments; and
  • To provide independent assurance and input to projects as they are initiated and progressed.
• To promote good practice in financial management in government by providing input on the expectations of Parliament. This would include working with the Government Finance Profession (GFP) to promulgate skills and capability development within those lacking formal financial training.  One example is to invite you to present to the senior members of the GFP at its annual training event on 11^th and 12^th November;
• To provide an independent opinion on how the Treasury is progressing against its long-term Financial Management Strategy and how well, as a department, it is operating.  This could include feedback on the general perception of the Treasury from Parliament, which could help the ongoing development and responsiveness of the Department; and
• Be available for ad hoc advice.

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