In a report into the National Insurance Fund, run by the Inland Revenue, and its IT system NIRS2, the Public Accounts Committee has questioned whether it was a good idea to allow a contractor to retain full rights as Andersen did.
The AC implemented system has been fraught with problems and is well overdue. Some parts were implemented in 1998 but the PAC is concerned that it will not be fully functional until April 2001.
Andersen’s bid for the work was accepted because it was so low, largely as a result of the £100m value they placed on the property rights.
The PAC report said: ‘In our view the Inland Revenue and more widely the Office of Government Commerce, should look again at the balance of benefits and risks underpinning decisions on ownership of international property rights in major government systems.’
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
The Top 20 firm has recently advised J S Wright, the mechanical and electrical building services specialist
Promotions have been made in the private clients tax team and corporate business team