Consultation outcome
We welcome the feedback received to our consultation and thank those who responded. The PSAA Board has reflected on the consultation outcome and takes very seriously all the points made.
We understand the concerns and issues raised in the consultation. Many are complex and typically extend beyond PSAA’s own remit. We have highlighted the need for urgent action to reform the local audit system in England, in response to the pressures and market fragility experienced in recent years. In our view radical changes are needed in the local audit system to achieve a more proportionate audit and a more sustainable audit system. We will continue to seek action on these issues with government and key stakeholders.