Office for Budget Responsibility - Annual report and accounts 2022-23 - HC 1407

The uncertainty over the course of the production of the November forecast led us to reduce the length of the published Economic and fiscal outlook (EFO) and Annual report and accounts 2022-23 2 Performance report associated material, but importantly, we are confident that the analysis and conclusions in the forecast itself were not diminished by the disruption. [...] We also remotely hosted or attended a variety of domestic and international visitors and delegations interested in the work of the OBR, including the Government Economic Service, the Bank of England, the International Monetary Fund (IMF), the OECD, the European Fiscal Board, the Institute for Government, the Resolution Foundation, the Society of Professional Economists, the National Institute for. [...] 2.4 The OBR came under an unusual amount of public scrutiny in 2023 because of the circumstances surrounding the Autumn 2022 fiscal event (also known as the ‘Mini Budget’), the two subsequent Budgets in November and March, and the perceived political significance of the BRC’s judgements about the impact of measures intended to affect the supply side of the economy. [...] 2.50 My review of the effectiveness of the system of internal control is informed by the work of the internal auditors and the executive managers within the OBR, who have been delegated responsibility for the development and maintenance of the internal control framework, and comments made by the external auditors in their reports. [...] In my opinion, based on the work undertaken in the course of the audit: • the parts of the Accountability Report subject to audit have been properly prepared in accordance with HM Treasury directions made under the Budget Responsibility and National Audit Act 2011; and • the information given in the Performance Report and Accountability Report for the financial year for which the financial stateme.