2020/21 annual report and accounts
The 2020/21 annual report and accounts cover PSAA’s sixth full year of operation. 2020/21 was the second year of the first appointing period during which PSAA was responsible for audits carried out in 478 opted-in bodies (98% of eligible bodies). During this financial year, the audits in respect of 2019/20 were performed in a challenging context which included the COVID-19 pandemic.
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, UHY Hacker Young LLP, issued an unqualified opinion on 9 August 2021.
The 2020/21 audit committee annual report was approved by the audit committee on 14 June 2021.