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The chief executive of the ACCA (Association of Chartered Certified Accountants), the global professional accounting body, has said that what we need now, following the scramble from governments around the world to buy PPE and other essential items, are new models of public procurement.

“This scramble has come at a price,” she said, “with the balance of power moving from the buyer to the supplier. The race to secure supplies has risked mismanagement and led to accusations of favouritism. The whole process for many has seen a lack of transparency and co-ordination, placing trust in the system under intense pressure and scrutiny.”

Last year the ACCA called for the system to be renewed to ensure we secure a sustainable recovery. It’s report detailed several practical recommendations: New models for public procurement.

Read more on CITY.A.M. and to access suppliers of essential equipment visit GovShop for free.

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