GovWire

Each accounting officer should ensure that their staff are aware of the revised version of Managing Public Money (MPM), which applies to arms length bodies (ALBs) as well as to their sponsor departments. In particular, accounting officers should note the new sections on joint working across government, management of foreign exchange risk, and communication with Parliament.

An updated version of Accounting officer assessments: guidance has also been published. This mirrors the changes made to section 3.4 of Managing Public Money. It also clarifies that published AO assessment summaries should clearly stipulate the reason for the AO assessment, and include the date when the assessment was performed.