Audit Quality Monitoring Report 2020/21

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Actions

  1. The FRC report contains the firms’ responses to its findings. We will be discussing with all firms the results of the reviews and the responses that they are putting in place with a particular focus on the audits that achieved the lowest scores.
  2. We discuss matters with firms on a regular basis to discuss delivery of the contract and the quality of audit service provided. These discussions include their plans for staffing and overall audit delivery.
  3. As a member of the Local Audit Liaison Committee (the body established by DLUHC to co-ordinate the work of the Local Audit Sector Stakeholders) we are committed to working with all parties to resolve the ongoing concerns within local audit. We contribute to sector consultations and working groups as appropriate and support the work of other stakeholders in addressing the problems facing local audit.

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