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
Hone, who was appointed on 8 June, last served as regional director for
Eastern England and Milton Keynes.
Peter Terry joins the North West advisory team
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit