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Quality assurance of new methods in National Accounts
This article outlines the quality assurance process which is
followed for methodological changes in National Accounts
Author: Heather Robinson
Economic Trends, no No. 629, pp 14-19. ISSN: 0013-0400
Describing the four key stages which any proposed change must pass through, before it is incorporated into the National Accounts. At each stage an assessment of the proposal is made but all with a different focus. The aims of the stages also differ, to ensure that all aspects of the change are assessed before approval. The interaction between stages is illustrated using a decision tree, including all possible outcomes. The timetable of this process is outlined, including how it fits within the annual timetable.
The process described ensures that any new methodology which is incorporated into the National Accounts has undergone a consistent and rigorous quality assurance process.
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