The head of an audit panel probing into the
London Development Agency
(LDA) and Greater London Authority (GLA)’s financial management has admitted she
is ‘somewhat horrified’ by what she has found so far.
The Forensic Audit Panel, which London Mayor Boris Johnson set up following
his election last month, has unveiled a culture of reckless spending and
political interference with few checks and balances, according to its head
She said seven police investigations had already been launched, two of which
had since been dropped, and more referrals to Scotland Yard had not been ruled
Press Association reports.
The investigations all relate to LDA except the seventh which involves the
GLA and its role in Caribbean Showcase, an event partly organised by Lee Jasper,
former mayor Ken Livingstone’s controversial senior aide.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned