The head of an audit panel probing into the
London Development Agency
(LDA) and Greater London Authority (GLA)’s financial management has admitted she
is ‘somewhat horrified’ by what she has found so far.
The Forensic Audit Panel, which London Mayor Boris Johnson set up following
his election last month, has unveiled a culture of reckless spending and
political interference with few checks and balances, according to its head
She said seven police investigations had already been launched, two of which
had since been dropped, and more referrals to Scotland Yard had not been ruled
Press Association reports.
The investigations all relate to LDA except the seventh which involves the
GLA and its role in Caribbean Showcase, an event partly organised by Lee Jasper,
former mayor Ken Livingstone’s controversial senior aide.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up