The findings of a delayed review which has been checking for any potential manipulation of Nottingham City Council’s accounts are now expected in around a fortnight. Ernst and Young Global Limited (EY) is currently conducting a review into the council’s historical accounting practices.
It follows the uncovering of millions of pounds in wrongful spending from the Labour-run authority’s Housing Revenue Account in 2021. Alongside Deloitte, KPMG and PricewaterhouseCoopers, EY is considered one of the ‘Big Four’ accounting firms.
The council has employed the help of EY to conduct what it says is a good-practice exercise of going though the authority’s accounts to obtain further assurances that everything is in order. In an update on Friday (March 31) council officers said following a delay the findings are now expected “in a couple of weeks”.
