BusinessCorporate FinanceConsultants in Olympic beauty parade

Consultants in Olympic beauty parade

The Olympic Delivery Authority is planning a beauty parade of consultants, in order to hire a panel of financial advisers to help with key tasks in preparing for the 2012 Games

The body plans to create a diverse panel of small, niche and large firms.

Ernst & Young is providing the ODA with current financial and audit
advice, and KPMG is also on the payroll, a spokeswoman said.

She confirmed that the authority set up a framework agreement with E&Y to
support the ODA’s startup. KPMG is advising on the budget for the Games and
insiders think all of the Big Four will eventually become involved.‘We will also
be tendering for corporate assurance (internal audit and risk assurance) work by
the end of this financial year. Tenders will be placed on the London 2012
website,’ she said.

The ODA hired a financial director recently. Dennis Hone took up office two
weeks ago.

Hone, who was appointed on 8 June, last served as regional director for
Eastern England and Milton Keynes.

See alastinglegacy.co.uk

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