Audit Scotland called in to assess Edinburgh travel project
Edinburgh tram and airport rail link projects under scrutiny
Edinburgh tram and airport rail link projects under scrutiny
The Edinburgh tram
and airport rail link projects are to be scrutinised by
Audit Scotland, following a
request by government ministers.
They have asked the public sector auditor to look at the cost projections for
the projects before making a final decision on whether to proceed or cancel by
the end of this month.
Finance secretary, John
Swinney invited Robert Black to conduct a brief overview, looking at ‘the
process used to assess costs and risks to delivery’ as well as the approach, the
methodology and the scope of the assessment used to identify costs’, The
Scotsman reported.
The Edinburgh Airport Rail Link is a £650m project. The Audit Scotland report
will be completed by 20 June.
Further reading:
Audit Scotland introduces new operating code
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articlePwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...
View articleTraditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...
View articleThe FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...
View articleOn January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...
View articleDespite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....
View articleAs the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...
View articleThe proposed enhancements, including the focus on material misstatements arising from non-compliance, the introduction of a risk assessment process, a...
View article