Today we are publishing our 2020/21 audited statement of accounts. Our healthy financial position enables us to distribute a further £5.6 million of surplus funds to our opted-in eligible bodies. The revenue PSAA receives must cover the costs of auditors and our operating expenses. PSAA operates on a not-for-profit basis. If we have funds that […]
PSAA welcomes the PAC’s continued engagement with the issue of local auditor reporting in local government, leading to today’s very important report highlighting the precarious state of the sector’s audit system. The report acknowledges that PSAA has previously described the problems facing local audit as ‘serious and pervasive’, and we agree that those problems persist, […]
MHCLG has recently confirmed that PSAA will continue in its role as Appointing Person. As a result, later this year we will issue invitations to all eligible local bodies to join our national auditor appointment scheme for the next appointing period commencing in April 2023. Early next year we will also lead a new audit […]
PSAA is pleased to announce the appointment of Marta Phillips OBE CA as a member of its Board and a Non-Executive Director of the company. Ms Phillips is a chartered accountant and has worked in a variety of senior roles in the civil service including as Chief Executive of the Pensions Advisory Service. She also […]
PSAA is very pleased that MHCLG has reconfirmed that we will be carrying out the next procurement. We have been working hard on our proposals to ensure that we are ready to deliver what is needed. In our submission to Sir Tony Redmond’s call for evidence we called for systems leadership, and we look forward […]
PSAA welcomes the decision to support the sector with additional funding for the audit costs of all principal bodies covered by the consultation.
PSAA has published the 2021/22 audit fee scale following consultation. Information on the fee scale and consultation can be found on our 2021/22 auditor appointments and audit fee scale pages.
PSAA welcomes the NAO’s report on the timeliness of local auditor reporting in local government. It is very important that solutions are found to the issues that the report highlights. PSAA commented on 4 December 2020 on the ‘serious and pervasive problems’ facing local audit when setting out the number of 2019/20 opinions that were […]
We are pleased to present our Annual Quality Monitoring Report for 2020. This covers the work of local auditors appointed by PSAA for the 2018/19 financial year, the first under the appointing person arrangements. This report is later than intended because the impact of the Covid-19 pandemic has delayed the completion of the professional regulators’ […]
We consulted in November 2020 on changes to fee variations arrangements, to introduce a new approach for national variations where changes in audit requirements relate to the conduct of all or most audits and where a standard cost can reasonably be estimated across groupings of bodies. The consultation also set out a proposed increase in […]