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.’
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
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned