What is the main role of the Independent Parliamentary Standards Authority?

The main role of the Independent Parliamentary Standards Authority (IPSA) is to set and regulate MPs' salaries and expenses. This responsibility was established to ensure transparency and accountability in the financial aspects of parliamentary work following the 2009 MPs' expenses scandal, which revealed significant misuse of public funds. By overseeing these financial matters, IPSA aims to restore public trust in parliamentarians and create a standardized framework for how MPs are compensated and reimbursed for their expenses. This regulatory function includes establishing salary levels, managing claims for expenses, and ensuring compliance with financial rules, making it a vital aspect of maintaining integrity within the parliamentary system.