SCHEDULES
SCHEDULE 3Relationship between NAO and Comptroller and Auditor General
Strategy
I11
1
NAO and the Comptroller and Auditor General must jointly—
a
prepare a strategy for the national audit functions, and
b
review the strategy (and revise it as appropriate) at least once every 12 months.
“The national audit functions” means NAO's functions and the Comptroller and Auditor General's functions.
2
The strategy must—
a
for the period for the time being covered by it, include a plan for the use of resources for the national audit functions;
b
for each financial year for the time being covered by it, specify the maximum amount of resources to be provided by NAO for the purposes of paragraph 2(1).
3
The strategy (including any revision) must be approved by the Public Accounts Commission.
4
For this purpose the person who chairs NAO and the Comptroller and Auditor General must jointly submit the strategy (or revision) to the Commission.
5
Before approving the strategy (or revision) the Commission must review it and may modify it.
6
In doing this the Commission must have regard to any advice given by the Treasury.
7
NAO and the Comptroller and Auditor General must each give effect to the strategy.