We have published our draft information paper for 2023/24 audits with the 2024/25 fee scale consultation. The information paper identifies the impact on fees of changes in standards and provides information on how opted-in bodies and auditors can work together to mitigate the amount of additional audit work needed. We will publish a final version […]
We are consulting on the proposed fee scale for 2024/25 audits. Information on the consultation and how to respond can be found on our website. The closing date for comments is 5pm on Thursday 10 October 2024. We are holding a webinar for opted-in bodies on 1 October from 1pm to 2.30pm to support our consultation […]
PSAA has published its Contract Monitoring Data Pack: Quarter 1 for 2024/25. We produce quarterly reports on our contracted firms, building up information as the year progresses. The data pack covers audit opinions, approved fee variations and electors’ objections as of 30 June 2024. A further 83 audit opinions were completed this quarter, resulting in […]
PSAA welcomes today’s MHCLG announcement on the action it will take to address the deeply concerning level of delayed local government audit opinions. We strongly support the commitment to ‘overhaul the local audit system to enable taxpayers to get better value for money’. MHCLG recognises the key role that effective audit has in ensuring transparency […]
We have published updates to our auditor appointment directories following our July updates from our audit suppliers: You can also visit our pages that list all directories for 2018/19 to 2022/23 and 2023/24 to 2027/28.
PSAA has published its Contract Monitoring Data Pack: Quarter 4 for 2023/24. We produce quarterly reports on our contracted firms, building up information as the year progresses. The data pack covers audit opinions, approved fee variations and electors’ objections as of 31 March 2024. The timeliness of audit delivery remains a matter of major concern […]
We have published updates to our auditor appointment directories following our April updates from our audit suppliers: You can also visit our pages that list all directories for 2018/19 to 2022/23 and 2023/24 to 2027/28.
The updated ISA 315 applies to all audited bodies from 2022/23 audits onwards, however the impact for each body type is expected to be variable. The significant changes in ISA 315 result in additional audit requirements that auditors must deliver to meet the Code of Audit Practice. When we published the 2023/24 scale fees in […]
Our revised contractual mechanics were set in 2022 to encourage all firms to complete and deliver audits on as timely a basis as possible. When we developed them the Auditor’s Annual Report (AAR) was expected to be the final piece of the annual audit jigsaw (unless there was a change in auditor between 2022/23 and […]
At the beginning of February 2024, DLUHC and the NAO launched consultations on proposals with the aim of restoring timely, high-quality financial reporting and audit. PSAA has: