The Commonwealth Games and its new stadium have been safeguarded against becoming another Millennium Dome fiasco after organisers of the international sporting event were 'inundated with independent auditors'.
Ernst & Young has worked as independent external auditor, KPMG has carried operational readiness review, PricewaterhouseCoopers is engaged permanently by the government to attend all audit meetings and the National Audit Office is carrying its own audit of the games.
David Leather, finance director and deputy chief executive of the games, told Accountancy Age: ‘There are no questions of any white elephants at this year’s games. At Manchester we have been particularly focused on ensuring this does not occur.’
Thousands of sportsmen and women gathered for the opening of the games today.
By the far the biggest investment has been the building of the City of Manchester Stadium, which cost £110.8m.
Unlike the much-ridiculed Millennium Dome, which now stands vacant and unused, the athletics stadium will become the home of Manchester City Football Club at the end of the year after 10,000 additional seats are added and a football pitch laid.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThree years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...
View articleStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View article