PracticeAuditFA spurns chance to set up transfer audit unit

FA spurns chance to set up transfer audit unit

The Football Association has rejected Lord Stevens’ recommendation to create an audit unit looking into football transfers separately from the association, Accountancy Age can reveal

The recommendation, made in December, was a key plank of Lord Stevens’ plan
to make sure the English game does not develop a bung culture. He said the FA
and compliance unit failed to have credibility with the public and one of the
main reasons behind this was a lack of accounting expertise.

An FA spokesman said that during the enquiry, launched by premier league
chief executive Richard Sandmore, the association strengthened its forensic
investigatory team and would not be creating a separate transfer audit unit as
recommended.

Earlier this month Lord Stevens’ investigations firm Quest reportedly found
more than 50 breaches of transfer regulations. He has yet to produce more
information on 17 transfers, of the 362 looked into, that require further
investigation.

Ten forensic professionals from Quest worked on the inquiry when it began in
March 2006.

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