PracticeAuditScottish business agency faces audit probe

Scottish business agency faces audit probe

The activities of Scottish Enterprise, the region's main economic development agency, are to be investigated by Scotland's auditor-general.

Link: FDs back call for Scottish fraud squad

Robert Black, Scotland’s most senior independent auditor of public bodies, will examine the agency’s management of flagship projects, its use of consultants and contractors, the number of staff the agency employed in customer relations and its performance against its own targets, the FT reported.

This follows a number of reports in the Scottish press in February, which have been highly critical of the agency, which is funded by the Scottish Executive.

Last year Scottish Enterprise received £426m in public funds and £75m from other sources.

Its 2002/2003 annual report published yesterday revealed that it had met or exceeded 21 of its 22 targets over the last financial year, supporting 8,772 new start-ups, an increase of 17% from last year and target exceeded by 10%.

Chairman of Scottish Enterprise, Sir Ian Robinson said: ‘In total, during 2002/03, Scottish Enterprise achieved or exceeded in 21 of the 22 operational targets it set out to deliver at the start of the year and I am extremely reassured by these results and proud of our delivery record.’

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