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Oral question asked in the House of Commons, by Peter Bone (Conservative). It was answered on Thursday, 23 October 2008 on behalf of the Public Accounts Commission.


NAO Overseas Investments

Question
I am grateful for that answer. However, does the right hon. Gentleman not think it strange that the commission responsible for overseeing local government, the Audit Commission, had £10 million invested in Icelandic banks?
Answer

That is—thankfully—outside my remit, but I point out that, as the Audit Commission is audited externally by the NAO, it is a matter for the Public Accounts Committee.


Secondary information

Type
Oral question
Reference
481 c449 
Session
2007-08
Oral question type
1st Supplementary
Chamber / Committee
House of Commons chamber
Subjects
Bank services Banks Audit Commission Finance Overseas investment National Audit Office Iceland
Link
View this Oral question on www.publications.parliament.uk