Government spending faces an audit after the new coalition warned that Labour
had led a “scorched earth” policy on spending in its last year in power.
The Office for Budget Responsibility, headed by Sir Alan Budd, will launch an
audit of government spending to understand the full extent of the public sector
The National Audit
Office is usually responsible for auditing central government
Ministers criticised pushing through of spending prior to the end of the
previous government, including a £13bn oil tanker project and £420m of school
Business secretary Vince Cable warned of finding “skeletons” in cupboards.
“I fear that a lot of bad news about the public finances has been hidden and
stored up for the new government,” said Cable in
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
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Investment in people, tech and businesses impacts on EY's profit per partner figure