External news

On 23 June the Public Accounts Committee published a report on the Timeliness of local auditor reporting. The Committee asked DLUHC to explain how it is tackling the longstanding problems facing the sector.

PSAA welcomes the FRC’s revised guidance for recognising Key Audit Partners (KAPs) for local audit. This has established more flexible routes for Responsible Individuals to become KAPs and is a step towards addressing the market’s resources issue.

This week, we were really pleased to see an article from Rob Whiteman, CEO of CIPFA, recommending that eligible bodies opt in to our national scheme for auditor appointments, alongside talking about the recently announced measures to improve the vital issue of timeliness of local audit. Rob stresses the benefits of opting in to bring […]

PSAA welcomes DLUHC’s package of measures, which recognises that there is no easy or quick solution to the current challenges, and that there needs to be a whole system approach to making progress. The document helpfully sets out measures that are being evaluated as well as those that are being taken.

PSAA is keen to attract new audit suppliers including those looking to work alongside firms that are more experienced in this market.  Very helpfully, ICAEW is offering to assist firms to make contact with each other with a view to exploring possible collaboration options. ICAEW has provided a summary of its role in relation to […]