Where is matey who had a go at me for 'advertising' my article. Simon is here now
Council confirms Wasps' Ricoh Arena deal will be externally scrutinised
http://www.coventrytelegraph.net/news/coventry-news/ricoh-arena-independent-auditor-review-8579981
I already responded in another thread started by Simon when Toorch asked the same question. But I stand by what I said and no I don't think it should apply to newspapers. Not going to hunt out my full reply explaining my reasons though, you can do that if you wish.
I'd like to say you can't argue with that, but we all know we can.
exactly right. it is hard to believe that everything wasn't fully checked particularly bearing in mind they were so aware of the litigious and arguably desperate nature of SISU.So as part of the normal annual audit process the sale will be examined by the auditors. No real surprise there it would form part of their audit risk assessment and be well above any level of materiality for audit testing. To understand it they would need and have right to all associated documents.
It should not come as any surprise to anyone that the deal was fully examined by all sorts of different parties including specialists in the various aspects, lawyers etc. It wasn't a council leader saying one day to herself lets sell up to Wasps and doing it. It is also to be noted apparently no dissenting voices from left or right on the deal (with leaders of both sides properly involved)
So as part of the normal annual audit process the sale will be examined by the auditors. No real surprise there it would form part of their audit risk assessment and be well above any level of materiality for audit testing. To understand it they would need and have right to all associated documents.
It should not come as any surprise to anyone that the deal was fully examined by all sorts of different parties including specialists in the various aspects, lawyers etc. It wasn't a council leader saying one day to herself lets sell up to Wasps and doing it. It is also to be noted apparently no dissenting voices from left or right on the deal (with leaders of both sides properly involved)
lol you have shat yourself.
And when it's all done we can all hold hands and be best mates whatever the outcome.
And when it's all done we can all hold hands and be best mates whatever the outcome.
This sounds like standard procedure and won't result in anything new. This of course will be the councils fault and then it's onto where next for the council bashing.
Like OSB says this was just Ann Lucas one day thinking I know what I want to sell to a London rugby team. This would of been scrunitezed and every stone checked before this deal happened.
This sounds like standard procedure and won't result in anything new. This of course will be the councils fault and then it's onto where next for the council bashing.
Like OSB says this was just Ann Lucas one day thinking I know what I want to sell to a London rugby team. This would of been scrunitezed and every stone checked before this deal happened.
Must have been done quickly since The Great Leader said contact was first made in July........
Hold on though. Didn't you say that CCC did screw the club but they had no choice?
Must have been done quickly since The Great Leader said contact was first made in July........
The problem with you and a few others is that AL is one person on the council and as stated the deal was fully scrutinised by the full council and professionals.
But hey, you ignore the second part of the sentence every time.
Similar to the JR judgement where because Sisu continually appeal you ignore the facts that have come out of it.
Must have been done quickly since The Great Leader said contact was first made in July........
So as part of the normal annual audit process the sale will be examined by the auditors. No real surprise there it would form part of their audit risk assessment and be well above any level of materiality for audit testing. To understand it they would need and have right to all associated documents.
Am I understanding your post correctly, to steal SISU's phrase, this is 'normal business practice' and not really a response to calls for an independent enquiry?
Am I understanding your post correctly, to steal SISU's phrase, this is 'normal business practice' and not really a response to calls for an independent enquiry?
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