BBC calls in Ernst & Young over controls scare
The BBC's finances have been called into question after it was revealed that the corporation called in Ernst & Young to conduct a review of its financial controls.
Michael Grade, the BBC’s chairman, told The Independent he had heard ‘general and specific’ criticisms before deciding to call in the Big Four firm.
He said: ‘I want some outside comfort that our systems are fit for their purpose. I’ve heard criticism.’
Despite the BBC being £100m in the red, he insisted the move was not designed as an efficiency drive. ‘It’s about financial controls. It only needs one rogue in any organisation to bring the place into disrepute,’ he said.
But he denied the concerns related to a particular person and said he expected Ernst & Young would not find any serious financial problems.
KPMG, which audits the BBC’s accounts, described the decision to bring in its rival to do the work as ‘normal practice’.