Spending watchdog the National Audit Office will be able to fully examine the BBC's finances for the first time. It will have access to "BBC management information and confidential BBC contracts with third parties", but will not include "commercially sensitive" details in its reports. A spokesman for the NAO said it was "a step towards full accountability". The BBC said the move did "not threaten the BBC's independence from government or Parliament". The NAO scrutinises the finances of government departments and other public sector bodies to ensure good governance has being carried out and value for money has been achieved.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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