PSAA has published the scale of audit fees for 2022/23 audits for bodies that have opted into its national auditor appointment scheme. Most audit work under this fee scale will be undertaken from April 2023 onwards. The scale fees for individual opted-in bodies are now available to view on the 2022/23 scale of fees page with a summary […]
PSAA has published its Contract Monitoring Data Pack: Quarter 2 for 2022/23. The pack provides updated information regarding audit opinions as of 30 September 2022. The main headline for this quarter remains the backlog of unfinished audits for 2020/21. A year after the publishing date 35% of opted in bodies do not have a financial statement […]
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 on financial […]
PSAA has published the findings of its survey of audited bodies’ feedback on their audits of 2020/21 accounts. The results provide feedback on how auditors have managed their relationships with audited bodies. The effectiveness of relationship management is one of the measures used to monitor the quality of audit services provided.
PSAA has published its 2021/22 annual report and accounts which cover the company’s seventh full year of operation. The company’s auditor, UHY Hacker Young LLP, issued an unqualified opinion on 6 July 2022.
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. This […]
PSAA has published its Audit Quality Monitoring Report for the 2019/20 audits. It covers the work of local auditors appointed by PSAA for the 2019/20 financial year. Information is provided from quality monitoring arrangements throughout the year. The report brings together the information from the survey, the results of professional regulation and contractual compliance into […]
On 22 September 2021 PSAA invited all principal local government including police and fire bodies to become opted-in authorities. At the same time it published its procurement strategy and prospectus for the national scheme from April 2023. Both documents have evolved in response to the feedback provided by the market engagement exercise and consultation on the draft prospectus undertaken […]
PSAA has responded to the DLUHC* consultation on the Local Audit Framework Local audit framework: technical consultation. It covered ‘proposals to implement the independent Redmond Review of local authority financial reporting and external audit.’ It builds on Department’s Spring Report Local authority financial reporting and external audit: Spring update *MHCLG at the time of issue.
PSAA has published the findings of its survey of audited bodies’ feedback on their audits of 2019/20 accounts. The survey results provide feedback as to how auditors have managed their relationships with audited bodies. The effectiveness of relationship management is one of the measures used to monitor the quality of audit services provided.