Frequently Asked Questions

Can an opted-in body opt out at a later date?

No, an authority’s notice of acceptance of PSAA’s invitation to opt in means it is opted in for the duration of the compulsory appointing period (five years from 2018/19), unless the body ceases to exist or the body ceases to fall within the classes of authorities for which PSAA is the appointing person.

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How will the appointing person scheme deal with an authority that is dissatisfied with its auditor and wants a change (e.g. because of quality, relationships, or a conflict of interest)?

  As with the current arrangements, where an authority is dissatisfied with its auditor, concerns should be raised in the first instance with the firm’s Engagement Lead and subsequently with the firm’s PSAA Contact Partner (as indicated on communications between the firm and the authority). If the authority is not satisfied with the response of […]

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How are audit fee levels set for each individual body?

PSAA has consulted on the fee scale for 2018/19 on the basis of the prices achieved in its auditor procurement, the expected work programme for auditors, and the need to recover PSAA costs at the aggregate level. Individual scale fees are published on the website in March each year once confirmed by the PSAA Board […]

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In what circumstances can an auditor be changed during the five year opt-in period, and how does this differ from locally procured arrangements?

The main circumstances in which PSAA will consider changing an auditor appointment during the five year compulsory appointing period are either for independence reasons, for example the identification of a conflict of interest involving the existing audit firm, or because of the emergence of new joint working arrangements. An authority appointing its own auditor will […]

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