Auditors have reported issuing 361 disclaimed opinions due to the backstop as of 13 December 2024 for the years up to 2022/23. The 40 non-standard opinions in the table below include 8 disclaimed opinions that auditors have not attributed to the backstop. There are a further 77 opinions that remain outstanding for the years 2018/19 […]
PSAA welcomes MHCLG’s local audit reform strategy, which follows on from Monday’s announcement of the intention to create a new local audit body. We are strong advocates of overhauling the local audit system. Despite sustained and determined effort by system partners the current arrangements have not enabled resolution of the issues. This has resulted in […]
PSAA welcomes today’s announcement by the Government (refer to page 103) on further action it intends to take to address the local audit crisis as a part of the promised overhaul, by establishing a new body for local audit. We have previously stated our strong support for the Government’s commitment to ‘overhaul the local audit […]
The FRC has published emerging findings on its study into the audit market for NHS providers and Integrated Care Boards. The study found that while most stakeholders considered the market to be functioning, there were issues raised which could risk future resilience. Similar to local government audits, some respondents raised concerns regarding potential constraints on […]
CIPFA has issued a guide for audit committee members that explains the local audit backstop arrangements in England. It covers key terms, dates, roles and responsibilities.
We have recently published the number of audit opinions delivered up to 30 November 2024 on our website. Data for previous months can be viewed on our monthly audit opinion data page. We will publish a further update by the 19 December once the opinion data for the audits up to 2022/23 is available, following […]
We will publish data on audit opinion delivery on a monthly basis for the audits from 2018/19 onwards until all opinions for a year are delivered. We have recently published the number of audit opinions delivered up to 31 October 2024 on our website. Data for previous months can be viewed on our monthly audit […]
Many local bodies will receive modified or disclaimed audit opinions as a result of the government’s measures to tackle the backlog of local audits in England. The government has provided information which explains the context for these modified or disclaimed audit opinions, and to help ensure that local bodies are not unfairly judged. The policy […]
PSAA has published the 2024/25 audit fee scale following consultation. Information on the fee scale and consultation can be found on our website. We welcome the feedback we received to our consultation and thank all those who took the time to provide their views. We will continue to feed the concerns raised by bodies into […]
The FRC has approved the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Diploma in Local Audit as pre-approved local audit specialist training. This Diploma is the first FRC approved local audit specialist training for Key Audit Partner status applications.