Category: Latest news

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 […]

PSAA has published its 2019/20 annual report and accounts which cover the company’s fifth full year of operation. The company’s auditor, UHY Hacker Young LLP, issued an unqualified opinion on 24 July 2020. The 2019/2020 annual report and accounts can be found on the Annual report and accounts page.

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 […]

PSAA is today initiating a market engagement process, that will run from 1 to 30 June 2020, to seek views and feedback from audit firms registered with ICAEW or ICAS as local auditors under the Local Audit and Accountability Act 2014. The aim is to hear from potential suppliers about their preferences in relation to […]

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 […]

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 In recent times electors have been able to access far more data and information than when the right to object was originally enacted, because […]

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.  

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 […]

We are consulting on the proposed scale of fees for 2020/21 audits.  Information on the consultation and how to respond can be found at Consultation on 2020/21 audit fee scale

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 […]