Value for money

PricewaterhouseCoopers can provide the assurance that comes from an independent and objective review, and can make constructive recommendations for improvements. We may also review aspects of an organisation’s activities for value for money as part of an internal audit appointment.

As part of our statutory audit appointments in the public sector, we may be required to review the arrangements that a body has in place to meet its obligation to achieve value for money.

Potential issues

• Concerns over possible inefficiencies in services
• Ensuring that performance management arrangements properly cover value for money
• A lack of the necessary specialist skills in the internal audit department to undertake a value for money audit
• Getting value for money from contractor, partner or sponsor organisations

PwC services

• Value for money and best value reviews
• Reviewing arrangements for performance management and value for money
• Supporting internal audit, or internal audit partnerships