The FRC has published its annual report on the quality of major local audits, which sets out how it will continue to support the local audit system to recover from delays in the publication of audited accounts. The report follows the Government’s legislative measures in September 2024 to clear the backlog in local audit and rebuild […]
The NAO announced that the 2024 Code of Audit Practice (the Code) has completed its Parliamentary processes and is now in force: Code of Audit Practice. Together with the Accounts and Audit Amendment Regulations the Code supports the necessary first step of re-setting the local audit system in England.
The FRC issued a podcast on 15 November to discuss the measures introduced to address the backlog of local audits and how they will impact the audit process and the type of opinion issued.
PSAA has published its Contract Monitoring Data Pack: Quarter 2 for 2024/25. We produce quarterly reports on our contracted firms, building up information as the year progresses. The data pack covers audit opinions, approved fee variations and electors’ objections up to 30 September 2024. A further 38 audit opinions were completed this quarter, resulting in […]
We have adjusted some KPIs within the audit services contract and the first payment milestone to reflect the government’s decision to introduce backstop dates for the delivery of audit opinions, as part of its solution to restore timely audit delivery. We have also added a new KPI relating to the production of the draft Annual […]
CIPFA has published its Bulletin 18 Local audit backlog in England | CIPFA following legislation bringing into effect backstop dates for authorities in England to publish final accountability statements. The bulletin provides guidance on what this will mean for local authority audits, in particular the types of modified opinions authorities may see and how auditors […]
Our next Local Audit Quality Forum event will take place on Friday 8 November from 11.15am to 12noon. This webinar is aimed at s151 Officers, Audit Committee (and equivalent) Chairs, and representatives from local audit firms. The webinar will see a panel of representatives from MHCLG, the FRC, the NAO, CIPFA and PSAA respond to […]
We have published updates to our auditor appointment directories following our October updates from our audit suppliers: You can also visit our pages that list all directories for 2018/19 to 2022/23 and 2023/24 to 2027/28.
This edition of our quarterly e-bulletin includes an update on the local audit backlog situation, our client survey for 2023/24 audits, and a summary of local audit news from elsewhere. We hope that you continue to find our e-bulletin to be useful. We welcome your thoughts on future topics that you would like us to […]
We are looking to appoint a dynamic and passionate Non-Executive Director to join our Board and work with our small but dedicated team, with a commitment of up to 20 days per annum. There are real challenges facing local public audit and ministers have been clear about their commitment to addressing these. PSAA, with others […]