§ Mr. Straw
A Regulatory Impact Assessment (RIA) must be completed for all policy proposals that have a potential impact on businesses, charities or the voluntary sector. It includes details of the arrangements for monitoring and evaluating policy proposals and their impact.
No RIAs produced by the FCO have been reviewed over the last year.
From this year the National Audit Office (NAO) has a new role in independently evaluating a selection of RIAs. In their Annual Report, published in February 2003, the Better Regulation Task Force put forward suggestions of RIAs for the NAO to review.
The NAO review will focus on the quality of analysis in the RIAs and the thoroughness with which the RIAs have been undertaken. The findings and recommendations of best practice will be fed back to departments. It will play a valuable part in driving up standards of RIAs.