PracticePeople In PracticeAccountancy Age exclusive: First auditors of new London government bodies named

Accountancy Age exclusive: First auditors of new London government bodies named

KPMG and HLB Kidsons have been nominated as auditors of key public bodies controlled by the new London Assembly.

The move follows District Audit’s appointment as auditor of the new Greater London Authority.

The public sector auditing body was recently confirmed as the auditor of the GLA by members of the London assembly, but Kidsons and KPMG remain only ‘proposed’ auditors for the new functional bodies of the authority.

It is understood Kidsons is in line to get the contract for the London Development Agency, and possibly the London Fire and Emergency Planning Authority, while KPMG will assist DA to audit the Metropolitan Police Authority.

Though the Audit Commission has proposed the appointments they will not be confirmed until the new bodies come into legal existence later this year when their members can vote on an endorsement.

The Audit Commission is treating selection of auditors as straight appointments and has not invited tenders for the work. However, given the level of publicity surrounding the new London authority, the contracts are bound to be viewed as prestigious and high profile.

Full details of the audit arrangements have yet to emerge but Andrew Foster, head of the Audit Commission, said ‘experimental’ arrangements may be used for the new authority.

Meanwhile Ken Livingstone, the newly elected mayor of the new authority, this week told the City Britain must be in the euro if London is to remain the financial capital of Europe.

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor