PSAA has published the findings of its fourth annual survey of audited bodies’ views on their audits. The effectiveness of relationship management is one of the measures that we use to monitor the quality of audit services provided, and the survey provides us with feedback on how auditors have managed their relationships with audited bodies. […]
PSAA has published its Contract Monitoring Data Pack: Quarter 1 for 2023/24. 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 2023. The backlog of unfinished audits continues to be concerning, with 516 […]
On 17 July, Minister Rowley attended the latest LUHC Select Committee hearing for its inquiry into Financial Reporting and Audit in Local Authorities. The Committee has published the letter that the Minister sent in advance committees.parliament.uk/publications/40932/documents/199432/default/, which includes the latest position on proposals to address the significant backlog of local government audits in England. The letter […]
This edition of our quarterly e-bulletin includes our recent webinar with Neil Harris Director of Local Audit, news from the Local Government Minister on action to address the backlog of local government audit opinions, and news of our consultation on 2023/24 audit scale fees. We hope that you continue to find our e-bulletin to be […]
The Local Audit Liaison Committee met on 3 May and on 27 June. DLUHC will publish minutes for these meetings in the coming weeks. In the meantime the minutes for past meetings are available to view.
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.