On 17 May CIPFA published supplementary guidance covering the impact of triennial valuation statements received for IAS19 Employee Benefits Reporting for financial statements for 2021-22 and earlier years, where opinions on those statements have yet to be issued – CIPFA Bulletin 14 Supplement | CIPFA.
On 31 May CIPFA issued a statement on the statutory financial reporting deadline for local government.
The NAO published a supplementary guidance note for auditors on 18 May – Considering the impact of the Local Government Pension Scheme 2022 Triennial Valuation. This is in relation to the pension valuation issue.
On 16 May the NAO issued the following guidance for audit committees – Quality assurance of models: a guide for audit committees..
On 24 April CIPFA published a major report on sustainability reporting in the public sector providing guidance, best practice and advice to help public sector bodies prepare sustainability reports – Public sector sustainability reporting: time to step it up.
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’s next Local Audit Quality Forum event is on 3 July. Neil Harris, the FRC’s Director of Local Audit, will be discussing the recent system-wide work to find a solution to the local audit backlog, with PSAA Chair Steve Freer. The event is aimed at s151 Officers and Audit Committee (and equivalent) Chairs. It will […]
PSAA has published its Contract Monitoring Data Pack: Quarter 4 for 2022/23. 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 as of 31 March 2023. The backlog of unfinished audits continues to be concerning, with 545 audit […]
We have published updates to our auditor appointment directories following our April updates from our audit suppliers: You can also visit our page that lists all directories for 2018/19 to 2022/23.
This edition of our quarterly e-bulletin includes last month’s Public Accounts Committee evidence session on audit timeliness, our Business Plan, our Audit Quality Monitoring Report for 2022, and a summary of local audit news from elsewhere, including an important opportunity for you to have a say on how the Whole of Government Accounts process could […]