Yorkshire Water has awarded an AMP7 contract for internal audit services worth an estimated £1 million.
The water company has appointed PricewaterhouseCoopers LLP as its co-source partner who will assist the internal audit (IA) team with the effective delivery of the IA plan.
PwC will provide IA support in the following areas:
• IT (including robotics, artificial intelligence)
• tax and treasury
• advanced data analytics
• culture
• sharing best practice from other large or similar companies.
PwC will also provide a “critical friend” role to the in-house IA team – the consultancy will work with the manager of internal audit to identify ways to utilise the in-house audit team on specific audit assignments being led by them as co-source partner.
Initial contract term is three years with a further two year extension option.
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