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Independent Scottish accountancy firm Wbg’s internal audit team has promoted Neil Clark and Siobhan Archibald from assistant managerial positions to managers.
The firm has also revealed that it is looking to double the headcount of its internal audit team in response to significant growth.
The division has seen a number of new clients since the start of 2024 yielding a recurring fee income in excess of £500,000.
The division has secured places on two newly created frameworks for specialist sectors within which it operates.
These are the Yorkshire Purchasing Organisation, a central purchasing body based in Wakefield, owned and governed by a consortium of county, metropolitan and borough councils in Yorkshire and North West England.
The company has also secured a place on the Pagabo framework, which enables effective procurement for public sector organisations across the UK, to provide internal audit services for multi-academy trusts.
Graham Gillespie, partner and head of Internal Audit, said: “We are the only Scottish independent accountancy practice with audit activity throughout all four parts of the UK. Our growth has been realised by our ability to identify and exploit a niche in the market for a firm of our size with the range of qualities we can deliver effectively via a specialist internal audit service.
“Through a series of tender wins, including being awarded landmark slots on the prestigious Department for Education framework, we have earned a reputation for excellence across various specialist sectors, including education and social housing, as well as a diverse range of other public sector bodies. Our conversion rate at the tender stage is exceptionally high.”
He added: “As a firm, Wbg’s aim is to grow its turnover from £13m to £30m over the next five years, so we are actively seeking to bolster our human resource across a range of service divisions. We’ve already doubled our internal audit team over the last two years and over the next few years we aim to double its headcount again.”
