Public Sector - District Audit success
District Audit has beaten off stiff competition from accountancy firms to win health service contracts put out to tender by the Audit Commission.
This year’s market-testing round involved seven National Health Service trusts in north-west England. Three providers competed for the seven audits.
District Audit was awarded Aintree hospital, Royal Liverpool & Broadgreen university, Royal Liverpool Children’s, St Helens and Knowsley hospitals and Wirral hospital.
KPMG also retained its two existing audit contracts for the Cardiothoracic Centre Liverpool and the Liverpool Women’s hospital.
The Audit Commission said the identities of the unsuccessful bidders were confidential. One NHS trust finance director said, however, that PricewaterhouseCoopers had competed for audits but failed to win any.
Testing involved submission of written proposals and interviews by a panel of representatives from the commission and each of the trusts involved.
District Audit Northern Region director David Goodman said: ‘We at District Audit are extremely pleased with the results of this year’s market testing.
They demonstrate the confidence that the Audit Commission and the public sector has in the quality of District Audit’s work, and in the ability of our staff.’
Commission controller Andrew Foster said: ‘Market testing is one of the ways of ensuring that the commission’s auditors provide value for money in auditing public services. These results show the success of our market-testing regime through the re-appointment of the existing audit suppliers.’
The numbers you crunch tell a story. Your expertis...
25yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article