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.
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast