Frequently Asked Questions

Extending the deadlines beyond September is not the answer

We appreciate the disruption that result from delayed audits, as summarised by the NAO in its report in March 2021 on the timeliness of local government audit reporting. We also recognise that the impact on bodies with small finance teams can be more intense. However, regardless of the statutory position or the contractual requirements, a […]

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How are audit fee levels set for each individual body?

PSAA follows the requirements of the Local Audit (Appointing Person) Regulations 2015. PSAA consults annually on the fee scale. Individual scale fees are published on this website each year once confirmed by the PSAA Board following consultation. We will continue to pool scheme costs and charge fees to audited bodies in accordance with our published […]

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How do you measure quality?

Our current arrangements for measuring the quality of audit services are published. We will be reviewing the evaluation methodology that we used in the last procurement (that can be found here [weblink]). Please note that it is the FRC that assesses the quality of the firms’ audit work in line with its statutory responsibilities.

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How does an eligible body become an opted-in body?

A decision to become an opted-in body must be taken in accordance with the Regulations that is by the members of an authority meeting as a whole, except where the authority is a corporation sole, such as a police and crime commissioner, in which case this decision can be taken by the holder of that […]

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How does PSAA procure audit services contracts?

The procurement of audit services for opted-in bodies is a key component of the appointing person arrangements. For the appointing period 2018/19 to 2022/23, PSAA has published the outcome of its procurement in 2017 to establish contracts. We are currently developing our arrangements for the scheme for the five-year appointing period from 2023/24 to 2027/28. […]

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How far must an auditor not meet their contractual obligations before PSAA will intervene and are there any repercussions for the audited body?

There are no direct repercussions for the audited body, but we recognise the problems that delayed audits cause. The Accounts and Audit Regulations 2015 set out the requirements for publishing accounts. There is a statutory deadline for the publication of audited financial statements, but this is only applicable when the body has audited accounts to […]

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