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.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars