Annual report and accounts

PSAA publishes an annual report of its activities, together with its audited accounts, after the end of each financial year. The annual report outlines PSAA’s main activities and performance during the previous financial year and sets out in summary form its forward plans.

2022/23 annual report and accounts

The 2022/23 annual report and accounts cover PSAA’s eighth full year of operation. 2022/23 was a particularly significant year because PSAA undertook a major procurement of audit services for opted-in bodies for the second appointing period, which covers the audits of the financial years spanning 2023/24 to 2027/28. The procurement concluded at the end of September 2022 with the award of the new contracts. From the outset the procurement met a huge challenge to secure sufficient capacity for all the bodies that opted into our scheme.

The financial statements have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) and the Companies Act 2006, under the provisions of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (SI 2008/410).

The company’s auditor, MacIntyre Hudson LLP, issued an unqualified opinion on 4 October 2023.