What are the differences between PSAA’s proposed scheme for the audits of 2023/24 to 2027/28 and its scheme for 2018/19 to 2022/23?
Set out below are some of the key differences in the proposed approach for the procurement of audit services due to take place in 2022 compared to the 2017 procurement. In particular we have highlighted areas in which we are hopeful that our proposals will be viewed positively by suppliers. Feedback on the proposed approach […]Read more
The contracts that provide for PSAA to appoint the auditor to an opted-in authority are between PSAA and the audit firms, and authorities are not party to the contracts. Once appointed, an audit firm has a statutory relationship with the authority. Our contracts require audit firms to comply with the requirements of all relevant legislation, […]Read more
PSAA will provide effective management of the contracts with appointed audit firms. Details of our contract management arrangements can be found in these FAQs under the topic Contract Management. We will meet regularly with the public sector leads at each contracted firm and ensure that matters concerning opted-in bodies are brought to their attention. In […]Read more
Public Sector Audit Appointments Limited (PSAA) has been specified as an appointing person under the Local Audit and Accountability Act 2014 and the Local Audit (Appointing Person) Regulations 2015, and has had the power to make auditor appointments for audits of the accounts from 2018/19 onwards on behalf of eligible principal local government bodies that […]Read more
What is PSAA doing alongside other local audit stakeholders to help design and implement a system which is more stable, more resilient, and more sustainable?
Since 2018 PSAA has taken a number of initiatives to improve the operation of the scheme for the benefit of all parties including: proactively and constructively engaging with the numerous high-profile industry reviews, including the significant Redmond Review into Local Authority Financial Reporting and External Audit; commissioning an independent review undertaken by Cardiff Business School […]Read more
PSAA has made appointments to all bodies that decided to opt in to the scheme for the five-year appointing period from 2018/19 to 2022/23. We have published our approach to auditor appointments 2017. If you have a specific enquiry about the scheme for this period, please contact us at [email protected] We are currently developing our […]Read more
PSAA undertakes contract monitoring of the firms it appoints. PSAA will seek feedback on its auditors as part of its engagement with the sector. PSAA has a clear process for managing complaints, which sets out those areas that it covers. It does not cover matters of professional judgement. We have a Memorandum of Understanding with […]Read more
Where the auditor says they need to do more work for whatever reason why do I need to pay more, and how can I be sure that I am paying a fair price?
Auditors are required to complete an audit that complies with the NAO Code of Audit Practice, i.e. complies with all auditing standards. Regulation 17(2) of the Local Audit (Appointing Person) Regulations 2015 provides that where it appears to PSAA (as the appointing person) that the work involved in a particular audit was substantially more than […]Read more
Public Sector Audit Appointments Limited (PSAA) is an independent company limited by guarantee incorporated by the Local Government Association in August 2014. In July 2016, the Secretary of State specified PSAA as an appointing person for principal local government and police bodies for audits from 2018/19, under the provisions of the Local Audit and Accountability […]Read more
The independence requirements for all auditors in the local public audit regime are the same, whether locally appointed or part of the appointing person regime. These requirements are specified by the Financial Reporting Council in the Ethical Standard and applied to local public audit as determined by the NAO. The services that an auditor can […]Read more