The firm, which was chosen from a shortlist of three to provide the service, will assess and review the organisations’ activities; consider the adequacy of internal controls needed to ensure propriety, economy, efficiency and effectiveness; and provide an annual opinion to the chief executive and the Audit Commission.
‘Our assurance and risk management team brings together people with considerable experience of providing internal audit services to different sectors of government, education, charities and business and who can offer a broad portfolio of skills,’ said PKF partner Tim Drew.
PKF already provides internal audit to the Competition Commission, East Midlands Development Agency and the Commission for Local Administration in England.
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Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
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Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.