PSAA commented on 4 December 2020 on the ‘serious and pervasive problems’ facing local audit when setting out the number of 2019/20 opinions that were outstanding at the revised target deadline for the publication of audited financial statements News release: 2019/20 audited accounts – PSAA. Today’s report from the NAO provides a helpful analysis of the causes of increasing numbers of delayed opinions and of their important impacts and consequences for a variety of different users of accounts of local bodies. PSAA remains committed to working with stakeholders to try to address the difficulties outlined as part of a resilient, sustainable system which delivers timely audits of an appropriate quality.
PSAA welcomes the NAO’s report on the timeliness of local auditor reporting in local government. It is very important that solutions are found to the issues that the report highlights.