DOME EXCLUSIVE: NMEC pledges open-door policy to NAO auditors
The New Millennium Experience Company today pledged 'full co-operation' with National Audit Office auditors who will investigate financing of the Millennium Dome project.
The New Millennium Experience Company today pledged 'full co-operation' with National Audit Office auditors who will investigate financing of the Millennium Dome project.
The National Audit Office decided this morning to undertake a Value for Money report into the financing of the Dome, located in London’s Greenwich.
A spokesman said: ‘We will give the National Audit Office our full co-operation as has always s been the case. The NAO is the auditor for the Millennium Commission as a public body and our books have always been open to the NAO.’
As the NMEC is a private company it would not normally fall under the jurisdiction of the public spending watchdog.
But, after members of the Millennium Commission quango expressed their concern over the flagship project’s financing, the NAO has agreed to step in and investigate how loans of 60 million pounds and, more recently, £29m were used to support the ailing tourist attraction.
The numbers you crunch tell a story. Your expertis...
25yEmbracing 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 articleWhile technology has streamlined processes and flattened organisational structures, business complexity is growing. Under-pressure managers are increa...
View articleTo thrive in today’s business world, businesses need more than just a good strategy or product; they also need to have the right people to execute the...
View articleUnderstanding what drives productivity is crucial to economic growth, innovation, and living standards, making all of us stakeholders in the efforts t...
View articleDains is making significant strides as it approaches its 100th anniversary. Recently, the firm has embarked on a series of strategic acquisitions and ...
View articleIn the midst of political flux, potential UK entrepreneurs are hesitating to launch new businesses, primarily due to the uncertainty brought about by ...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View article