Category: Latest news

This week, we were really pleased to see an article from Rob Whiteman, CEO of CIPFA, recommending that eligible bodies opt in to our national scheme for auditor appointments, alongside talking about the recently announced measures to improve the vital issue of timeliness of local audit. Rob stresses the benefits of opting in to bring […]

PSAA is pleased to report that it has received acceptances from 100 eligible bodies to its opt-in invitation. A full list of the opted-in bodies is on our website. The latest date to notify PSAA of your opt-in decision is midnight on 11 March 2022.

PSAA welcomes DLUHC’s package of measures, which recognises that there is no easy or quick solution to the current challenges, and that there needs to be a whole system approach to making progress. The document helpfully sets out measures that are being evaluated as well as those that are being taken.

PSAA is keen to attract new audit suppliers including those looking to work alongside firms that are more experienced in this market.  Very helpfully, ICAEW is offering to assist firms to make contact with each other with a view to exploring possible collaboration options. ICAEW has provided a summary of its role in relation to […]

PSAA is pleased to report that it has received acceptances from 50 eligible bodies to its opt-in invitation. A full list of the opted-in bodies is on our website. The latest date to notify PSAA of your opt-in decision is midnight on 11 March 2022.

This week we held our first market engagement webinar with potential suppliers for our 2022 audit services procurement. We walked through and took questions on the procurement strategy outlining our current thinking on lot structure, bidding rules, the basis for bid pricing and the indicative timescales. We were delighted to welcome representatives from registered local […]

Delayed audit opinions continue to be a major concern in the local audit system. The growing scale of the challenge is illustrated by the latest figures compiled by PSAA. As at the target date of 30 September 2021 only 9% of local government bodies’ 2020/21 audits have been completed. The position compares to completion of […]

On 22 September 2021 PSAA invited all principal local government including police and fire bodies to become opted-in authorities. At the same time it published its procurement strategy and prospectus for the national scheme from April 2023.  Both documents have evolved in response to the feedback provided by the market engagement exercise and consultation on […]

PSAA has responded to the DLUHC* consultation on the Local Audit Framework Local audit framework: technical consultation. It covered ‘proposals to implement the independent Redmond Review of local authority financial reporting and external audit.’ It builds on Department’s Spring Report Local authority financial reporting and external audit: Spring update. PSAA is committed to supporting the […]

PSAA has invited all principal local government including police and fire bodies to become opted-in authorities. In accordance with the Local Audit and Accountability Act 2014 and the Local Audit (Appointing Person) Regulations 2015 (the Regulations), PSAA has formally invited all eligible bodies to become opted-in authorities to the national auditor appointment arrangements for the […]