NAO report criticises corporation's internal reporting and
budget negotiations, but says improvements have been made.
The BBC's stewardship of its £3.9bn annual spend is
"slow and resource intensive", according to a report by the public
spending watchdog. On Tuesday the National Audit Office (NAO) published a
report on financial management at the BBC saying the corporation should do more
to streamline internal financial reporting, and monitor more closely whether
its spending decisions were aligned with its strategic and editorial
objectives. The NAO's report added that the BBC had strengthened its approach
to managing its finances, but outlined several areas in which it could be
improved further. It comes as the BBC grapples with the implementation of
former director general Mark Thompson's £700m Delivering Quality First
cost-saving scheme.
"The BBC's internal financial reporting and planning
processes are slow and resource intensive," the NAO said. According to the
NAO, the process of agreeing the BBC's annual budget "consumes more
management time than in comparable organisations".
"It takes between five and six weeks from the end of
each month for that month's financial results to reach the executive
board," it added.
In my opinion, I believe that the BBC’s financial reports
should be organised more to ensure that it continues to operate effectively and
efficiently and therefore maintain its consumers. However, the sum that is
spent annually is a large amount and in order to help recover the UK from the
weak climate that we are currently in and ensure that it remains the biggest
broadcaster in the world.
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