Andrew Foster, controller of the Commission, made the statement following caustic criticism from Big Five firm KPMG that too much Commission work was carried by its own arms-length agency District Audit.
He told a Commons select committee today that the proportions could be reformed but only as a result of market testing?.
Currently 70% of the Commission?s audit work in undertaken by District leaving the rest for the private sector. KPMG, in their submission to the committee, argued this share should be 50-50.
Foster said: ?It?s definitely available to changed by market testing.?Testing to date however has resulted in the proportions remaining the same, an arrangement which Foster said was felt to be working ?reasonably well?.
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