The FRC has issued a guide on the Local Audit Backlog Rebuilding Assurance which explains how rebuilding assurance after a disclaimed opinion may work in practice on local government audits.
We have published our draft information paper for 2023/24 audits with the 2024/25 fee scale consultation. The information paper identifies the impact on fees of changes in standards and provides information on how opted-in bodies and auditors can work together to mitigate the amount of additional audit work needed. We will publish a final version […]
We are consulting on the proposed fee scale for 2024/25 audits. Information on the consultation and how to respond can be found on our website. The closing date for comments is 5pm on Thursday 10 October 2024. We are holding a webinar for opted-in bodies on 1 October from 1pm to 2.30pm to support our consultation […]
This edition of our quarterly e-bulletin includes an update on the local audit backlog situation, details of our consultation on the fee scale for 2024/25, 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 […]
PSAA has published its Contract Monitoring Data Pack: Quarter 1 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 as of 30 June 2024. A further 83 audit opinions were completed this quarter, resulting in […]
Jim McMahon, Minister of State for Housing, Communities and Local Government, shared a letter following his statement yesterday on action to tackle the local audit backlog in England. Please send any questions about the proposals covered in the letter to localaudit@communities.gov.uk.
PSAA welcomes today’s MHCLG announcement on the action it will take to address the deeply concerning level of delayed local government audit opinions. We strongly support the commitment to ‘overhaul the local audit system to enable taxpayers to get better value for money’. MHCLG recognises the key role that effective audit has in ensuring transparency […]
We have published updates to our auditor appointment directories following our July 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.
On the 1 June 2024 Mazars, the international audit, tax and advisory firm, and FORVIS, the top ranking public accounting firm in the United States, launched Forvis Mazars, a new global accounting network. The network will operate under a single brand worldwide. Mazars is one of PSAA’s contracted firms for the appointing period spanning audits […]
The NAO has issued a Supplementary Guidance Note (SGN) 04 on behalf of the Comptroller and Auditor General following the announcement of the general election on 4 July 2024. SGN 04 provides statutory guidance to external auditors of local public bodies covered by the Local Audit and Accountability Act 2014 and the Code of Audit […]