When Grant Thornton picked up
a tranche of public sector audits, scrutiny and transparency were
key considerations, says Sarah Howard
Following communities secretary Eric Pickles’ 2010 announcement
that the Audit Commission was to be abolished, this March the government
confirmed which private firms would be awarded five-year contracts
to deliver audit services to local authorities and NHS bodies across
the UK. As of September this year the local public audit market will
be delivered entirely by the private sector. Grant Thornton won 39%
of the audit contracts, followed by KPMG (25%) and Ernst & Young
(15%).
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