E&Y gives BBC the thumbs up
Big Four firm Ernst & Young has passed off the BBC's financial controls as 'fundamentally sound' but recommended the broadcaster tighten some budgetary processes.
A series of BBC board of governor meetings, which concluded yesterday, culminated in the BBC being ‘reassured that this review by Ernst & Young has found the BBC’s overall system of financial control to be fundamentally sound.
‘Ernst & Young’s recommendations are timely,’ said Mark Thompson, director-general of the BBC. ‘BBC management is committed to delivering the best value for licence fee payers and I, along with all my executive colleagues, will ensure we continue to improve the BBC’s performance.’
A letter from E&Y to the BBC said that ‘we did not find anything that would suggest that it [the BBC’s financial control environment] is fundamentally deficient in any way’.