The contracts that provide for PSAA to appoint the auditor to an opted-in authority are between PSAA and the audit firms, and authorities are not party to the contracts. Once appointed, an audit firm has a statutory relationship with the authority. Our contracts require audit firms to comply with the requirements of all relevant legislation, […]Read more
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 […]Read more
What will be the arrangements for overseeing the quality of audit work undertaken by the audit firms appointed by the appointing person?
PSAA has contracted with firms which have a proven track record in undertaking public audit work. In accordance with the Local Audit and Accountability Act 2014, firms must be registered with one of the chartered accountancy institutes acting in the capacity of a Recognised Supervisory Body (RSB). The quality of the firms’ work will be […]Read more
PSAA will seek feedback on its auditors as part of its engagement with the sector. PSAA will continue to have a clear complaints process and will also undertake contract monitoring of the firms it appoints.Read more