Sole director for Audit Commission spin-off mutual

by Rose Orlik

More from this author

13 Oct 2011

  • Comments
Gareth Davies

AUDIT COMMISSION spin-off mutual DA Partnership has just one director and one member of staff, according to records filed at Companies House.

Commission head of audit Gareth Davies has been given leave to establish the employee-owned enterprise and is DA Partnership's only director and shareholder.

The company was incorporated in October 2010, shortly after the Department for Communities and Local Government announced the public body was to be scrapped, for a reported annual saving of £50m.

DA Partnership recently revealed its financial backer is Mazars. Head of public interest markets David Herbinet called it "an exciting venture", saying the mutual will "provide the best of both commercial and public sector auditing expertise and skill sets".

Davies told Accountancy Age his role at the commission and industry experience made him "right for the job" of setting up the mutual.

"I feel strongly that this is a valuable opportunity and that the commission's audit practice should not be broken up," he added.

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.