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 […]
PSAA has today published the findings of its second survey of audited bodies’ feedback on their audits, covering the 2019/2020 accounts. The survey results provide feedback as to how auditors have managed their relationships with audited bodies. The effectiveness of relationship management is one of the measures that we use to monitor the quality of […]
PSAA has today published a report detailing responses to its recent consultation plans for the second appointing period for the national scheme for local auditor appointments. The two important consultations gathered feedback on proposals for the national scheme of local auditor appointments from 2023/4, consulting with eligible bodies and other stakeholders on the draft prospectus […]
We recently welcomed the opportunity to work with Public Finance magazine to discuss the quest for sustainability in local audit, and how the future of the audit industry requires a collective system wide effort. Extract from “The quest for local government audit sustainability” Opening the public sector audit market to new entrants will require a […]
Today we are publishing our 2020/21 audited statement of accounts. Our healthy financial position enables us to distribute a further £5.6 million of surplus funds to our opted-in eligible bodies. The revenue PSAA receives must cover the costs of auditors and our operating expenses. PSAA operates on a not-for-profit basis. If we have funds that […]
PSAA welcomes the PAC’s continued engagement with the issue of local auditor reporting in local government, leading to today’s very important report highlighting the precarious state of the sector’s audit system. The report acknowledges that PSAA has previously described the problems facing local audit as ‘serious and pervasive’, and we agree that those problems persist, […]
MHCLG has recently confirmed that PSAA will continue in its role as Appointing Person. As a result, later this year we will issue invitations to all eligible local bodies to join our national auditor appointment scheme for the next appointing period commencing in April 2023. Early next year we will also lead a new audit […]
PSAA is pleased to announce the appointment of Marta Phillips OBE CA as a member of its Board and a Non-Executive Director of the company. Ms Phillips is a chartered accountant and has worked in a variety of senior roles in the civil service including as Chief Executive of the Pensions Advisory Service. She also […]
PSAA is very pleased that MHCLG has reconfirmed that we will be carrying out the next procurement. We have been working hard on our proposals to ensure that we are ready to deliver what is needed. In our submission to Sir Tony Redmond’s call for evidence we called for systems leadership, and we look forward […]