UK Export Finance: Audit

(asked on 23rd January 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, when her Department most recently reviewed the adequacy of audit arrangements for recipients of UK export finance.


Answered by
Conor Burns Portrait
Conor Burns
This question was answered on 28th January 2020

UK Export Finance (UKEF) is aware of its obligations to protect taxpayer money from involvement in corrupt activity, but UKEF is not an auditor. UKEF does require as part of its contractual rights, a right to inspect the records of any recipient of support. These rights of inspection would generally be exercised on a sampling basis, but also, if specific knowledge requires, they can be performed at any time.

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