Today Public Sector Audit Appointments Ltd (PSAA) announces the outcome of its procurement of audit services for the 470 local government, police and fire bodies (99% of eligible local bodies) that have opted into its national scheme for the next appointing period spanning the audits from 2023/24 to 2027/28. The procurement has taken place against […]
PSAA has responded to the Public Audit Forum consultation on Practice Note 10 – Audit of Financial Statements of Public Sector Bodies in the UK (revised). Practice Note 10 is an important document as it sets out how auditors of public sector bodies in England, Scotland, Northern Ireland and Wales apply auditing standards to their work […]
Following the passing of Her Majesty The Queen, PSAA offers its condolences to her family and all who are impacted by the loss of our monarch after an incredible lifetime of devoted service. We also commemorate her leadership and her unwavering dignity throughout her life.
PSAA’s current procurement of local audit services is about to enter a concluding stage. The initial process has secured 96.5% of the capacity required to enable auditor appointments to all the bodies that have opted into PSAA’s national scheme. A rapid supplementary procurement of four small-sized Lots will now take place to seek to secure […]
We are consulting on the proposed scale of fees for 2022/23 audits. Information on the consultation and how to respond has been published. The consultation will remain open until 30 September 2022.
We have published updates to our auditor appointment directories for 2020/21, 2021/22 and 2022/23 following our July updates from our audit suppliers. List of auditor appointments and scale fees – PSAA
Welcome to our latest e-bulletin. In this edition we provide an update on our annual client survey, developments relating to local audit and key topics shared at our most recent Advisory Panel meeting. In March we asked you to share your thoughts on how we communicate and engage with you. Thank you to everyone who […]
PSAA has published the findings of its third survey of audited bodies’ feedback on their audits. The results provide feedback on how auditors have managed their relationships with audited bodies. The effectiveness of relationship management is one of the measures that we use to monitor the quality of audit services provided. The survey results reflected […]
PSAA welcomes the FRC’s revised guidance for recognising Key Audit Partners (KAPs) for local audit. This has established more flexible routes for Responsible Individuals to become KAPs and is a step towards addressing the market’s resources issue.
PSAA has published its Contract Monitoring Data Pack: Quarter 4 for 2021/22. The pack provides updated information regarding audit opinions as of 31 March 2022. The main headlines for this quarter include the growing backlog of unfinished audits, with over 40% of opted-in bodies preparing their 2021/22 financial statements with the prior year not completed. […]