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Accountancy Services

Volume 405: debated on Tuesday 20 May 2003

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To ask the Secretary of State for Trade and Industry what the total cost to her Department was for accountancy services in 2002–03. [109485]

Total costs to the DTI for accountancy services are detailed in the table.

£ million
Accounts services provision1PFI agreement2System upgrade3Service to internal audit4
1 The Department entered into a new contract for the provision of accounts services with Amey plc, effective from 1 April 2002. The contract covers a 12-year period with a break option at seven years, and covers a number of additional services not provided under the previous contract.
2 The Department entered into a PFI agreement to maintain current hardware to support accounts services provision.
3 The Department also commissioned the development of an updated financial accounting system, forecast to cost a total of £7.5 million.
4 Internal audit services to the Department are delivered under a strategic partnership arrangement with Ernst and Young.