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Mayor of London > Value for money > Report of the Mayor’s Forensic Audit Panel | |
Report of the Mayor’s Forensic Audit PanelThe Report of the Mayor’s Forensic Audit Panel recommends potential efficiency savings within the Greater London Authority (GLA) of £7.7 million or 10 to 15 per cent of the overall budget. The Forensic Audit Panel also, ‘identified failings in the London Development Agency’s (LDA) leadership, governance and basic controls’, called for action to improve internal LDA systems, cut duplication across the GLA group and improve performance to deliver better value for taxpayers across GLA group. The panel called for a streamlined LDA which would be a strategic body looking to others to deliver projects to meet the Mayor’s strategic priorities. The Mayor made a manifesto commitment to launch an immediate review of City Hall finances and report initial findings within the first 100 days. One week after the Mayor was elected he announced the formation of a Forensic Audit Panel. |
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