PracticePeople In PracticeAudit: Met wasting millions annually

Audit: Met wasting millions annually

An audit report by KPMG has slammed the lack of financial control within the Metropolitan Police, saying that tens of millions of pounds were being wasted each year by Britain?s biggest police force.

The report warned there were no adequate controls over invoices, debt recovery, expenses and overtime payments.

KPMG’s report showed the extent to which the failures were eating away the Met’s Pounds 2bn annual budget, diverting money away from front line resources, although it was unable to put a precise figure on the losses.

The results of the audit were revealed by Lord Harris of Haringey, chairman of the new Metropolitan Police Authority, who described the lack of financial control as ‘shambolic’.

Links

Met in audit ‘experiment’

Ken says Audit Commission can help the Met

Metropolitan Police

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor