Latest news

News stories published prior to 2017 can be found in our archives

PSAA response to the FRC’s report on its inspection of major local audits in 2018/19

PSAA takes very seriously the Financial Reporting Council (FRC)’s report on its inspection of major local audits (MLA) in 2018/19. PSAA agrees with the FRC’s statement that high quality audit is essential to maintain stakeholder confidence by providing an independent, impartial view of an MLA body’s financial statements and arrangements in place to secure value for […]

Read more

PSAA issues its response to Sir Tony Redmond’s review

Following the publication of Sir Tony Redmond’s review of financial reporting and auditing in local government bodies, PSAA has written to all Section 151 Officers and Audit Committee Chairs on 7 October outlining its response which is as set out below.   Dear Section 151 Officer/Audit Committee Chair Redmond Report As I am sure you […]

Read more

NEWS RELEASE: PSAA responds to the NAO‘s consultation on VFM arrangements guidance and Public Audit Forum exposure draft of Practice Note 10

PSAA has responded to the NAO’s consultation on its Auditor Guidance Note (AGN 03) that provides guidance to auditors to support their work on value for money (VFM) arrangements. PSAA response to consultation on AGN-03 PSAA is supportive of the change to a VFM arrangements commentary in that it should enable auditors to add more […]

Read more

PSAA publishes 2019/20 annual report and accounts

PSAA has published its 2019/20 annual report and accounts which cover the company’s fifth full year of operation. The company’s auditor, UHY Hacker Young LLP, issued an unqualified opinion on 24 July 2020. The 2019/2020 annual report and accounts can be found on the Annual report and accounts page.

Read more

PSAA publishes the outcome of its market engagement exercise

Following the conclusion of the market engagement exercise undertaken during June 2020, PSAA today publishes the summary of responses. We were delighted that all nine registered firms fully engaged. The exercise sought views from all registered firms to inform PSAA’s consideration of whether a further procurement would be appropriate in order to try to attract […]

Read more

PSAA Publishes Findings of Audit Survey

Public Sector Audit Appointments (PSAA) is today publishing the findings of survey of audited bodies’ feedback on their audits of 2018/19 accounts. In the past, surveys have been undertaken by the audit firms themselves and have sought the responses of client Chief Finance Officers (CFOs) to a relatively small number of high level questions. This […]

Read more

News item: Independent analysis of the outcomes of electors’ objections

A unique element of the local government accountability framework is the long-held rights of local electors to inspect accounts and related documents, and to object to auditors about issues of concern. In recent times electors have been able to access far more data and information than when the right to object was originally enacted, because […]

Read more

News release: Q&As

We consulted on the 2020/21 scale fees earlier this year and published the 2020/21 scale fees on 31 March 2020. Not surprisingly in these turbulent times for audit the consultation responses contained many questions. Today we have published a ‘Q&A’, setting out our answers to them.  

Read more