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 […]

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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 […]

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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 […]

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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 In recent times electors have been able to access far more data and information than when the right to object was originally enacted, because […]

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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.  

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News item: independent review of the sustainability of the local government audit market

PSAA has recently commissioned an independent review of the sustainability of the local government audit market. The review was undertaken by an independent consultancy, Touchstone Renard (TR). The full report is available at PSAA – Future Procurement and Market Supply Options Review. PSAA commissioned this work in its role as the ‘appointing person’ for the […]

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News release: Response to Sir Tony Redmond review

Sir Tony Redmond is leading an independent review into the arrangements in place to support the transparency and quality of local authority financial reporting and external audit in England PSAA has responded to the call for evidence, which is available below, accompanied by an introductory note that sets out the key issues. We have also […]

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News release: Event for Audit Committee Chairs and Vice-Chairs

Our Local Audit Quality Forum (LAQF) event to be held on 25 November 2019 is at capacity. Please see details below of an event aimed at Audit Committee Chairs and Vice-Chairs. The event is a joint venture between LGA, PSAA and CIPFA. Leadership Essentials – Audit Committees The LGA Leadership Essentials programme is a series […]

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