audit committee report by HFI on overcharging of leaseholders 27 Jan 2011

Dear Islington Leaseholders,

THURSDAY,    27 January  2011

7.30 pm

Audit  Committee  room  4

Town Hall,
Upper Street,

Come along and hear whether you’ve been overcharged?

Call for ‘independent’ body to investigate housing overcharging allegations

Some leaseholder have queried:
Will we or won’t we hear the full results of the PricewaterhouseCoopers’ special investigation ?

Why wasn’t the 1st phase continued by Pwc but by the very HfI Officer responsible for Performance instead ?

Why didn’t the independent skilled Internal Audit Team undertake the work ?

Is this especially odd as important Leaseholder financial issues were identified ?

The council say “At the last audit committee meeting, the report into PFI confirmed there had been no fraud – but the council were concerned to learn there had been overcharging of leaseholders in some cases.

The committee asked for the original sample of 20 properties investigated by PWC to be extended, and so we instructed HFI to investigate a further sample of randomly-selected cases. The results of this investigation will be reported back to the audit committee.

The report going to audit committee next week on January 27th will be public and will give an indication of the nature of the work.”

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