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06 Sep 2011
FORMER AUDIT COMMISSION contracts are expected to be tendered out today, in the next significant stage of winding down the canned public sector audit provider.
The Official Journal of the European Union will disseminate the tenders, which could range from NHS trusts to local drainage boards.
Further reading
A commission spokesman said the body expects the release imminently, and is likely provide some comment. Yesterday, it proposed a work programme and scale of fees for the next two years, after which the 28-year-old public corporation may have ceased audit provision.
It revealed: "The commission is currently undertaking an exercise to outsource the work of its in-house audit practice, following the [abolition] announcement in August 2010. ... We will publish the final work programme and scales of fees for 2012/13 in April 2012, when the outcome of the outsourcing is known."
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Visitor comments Add your comment
What a COMPLETE waste of money!
All the big firms already have UK offices.
No local auditor from Madrid is going to tender for work at a hospital in Wolverhampton.
HOW MUCH money has been spent on publishing the tender documents in a multitude of languages and locations?
the £50 million saving for abolition of the AC is looking more remote by the second.
Posted by: Eleanor, 06 Sep 2011 | 13:17