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.