CFU’s update on the club’s audit

CFU’s update on the club’s audit

As supporters may know, Cambridge United’s Board of Directors has appointed Price Bailey to undertake a full audit of the club’s accounts for the financial year ended at the end of July. This is something which shareholders and CFU have wanted to see, in light of the substantial losses incurred in the previous financial year.

In his remarks in the Cheltenham matchday programme, Director of Business, Shaun Grady, commented on CFU’s valuable involvement in determining the scope of the audit.

Chair of CFU, Robert Osbourn, welcomed the opportunity to influence the terms of the audit and is looking forward to meeting with both the auditors and also newly appointed Finance Director, Duncan Foyle.

“It is important to be thorough in examining the finances and in planning for commercial success in the future and we will do all we can to see that this is done, in the interests of the club and its fans”, he said.