Requirements for eligible bodies that decide to make local arrangements, rather than to opt in

  1. Does the appointing person take on all Auditor Panel roles and therefore mitigate the need for there to be one in each individual authority?

    15 June 2023

    Opting into the appointing person scheme removes the need for a body to set up an independent Auditor Panel. The detailed requirements for this are set out in the Local Audit and Accountability Act 2014 and the Local Audit (Appointing Person) Regulations 2015.

    Read more of: Does the appointing person take on all Auditor Panel roles and therefore mitigate the need for there to be one in each individual authority?

  2. If an eligible body decided not to opt into the appointing person scheme, what local arrangements need to be put in place?

    22 June 2023

    All relevant authorities listed in schedule 2 of the Local Audit and Accountability Act 2014 (the Act), whether they have opted in or not, are required to comply with Part 3 of the Act in relation to the appointment of local auditors. Section 7 of the Act requires a relevant authority to appoint a local […]

    Read more of: If an eligible body decided not to opt into the appointing person scheme, what local arrangements need to be put in place?

  3. If we decide to make local arrangements, can we reduce the auditor’s fee if the audit opinion is not delivered by the statutory publishing date, and can we specify what the audit covers?

    19 February 2024

    The terms of the contract through which an auditor is appointed by local arrangements will determine how the service is provided and the remuneration arrangements. The Ethical Standard issued by the FRC in December 2019 [due to be replaced with the Revised Ethical Standard 2024 by the end of 2024] precludes contingent fees on audit engagements. A […]

    Read more of: If we decide to make local arrangements, can we reduce the auditor’s fee if the audit opinion is not delivered by the statutory publishing date, and can we specify what the audit covers?