The newly created position at the inward investment body will see the mid-tier firm take responsibility for services including assessment of the quality of internal control procedures, monitoring the value-for-money aspects of the agency's business, as well as ensuring the probity and statutory compliance of the accounts. The agency, which brings together a number of inward investment and other government bodies, has an annual budget of £80m. It began full operation in April 1999 from its headquarters in Nottingham. Pannell Kerr Forster won the contract after a competitive tendering process with a number of other accountancy firms from across the agency's six-county jurisdiction. Jeff Moore, EMDA director of finance and investment, said that Pannell Kerr Forster was chosen as a long-established firm in the region with considerable local knowledge and expertise. 'Allied to this is its national and international reputation and close association with specialists who understand the accounting procedures under which we operate. 'As an agency, we're keen to use East Midlands firms wherever possible. 'Pannell Kerr Forster fulfils this ambition admirably,' Moore added. John Thompson, partner in charge at PKF's Derby office, will lead the audit team with his colleagues David Hudson and Richard Weighell.
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