Frequently Asked Questions

The proposed 80% quality and 20% price evaluation ratio feels too high for the procurement

The June 2021 consultation on the draft prospectus seeks feedback on our proposal for an ITT evaluation ratio of 80% quality and 20% price. This is an evaluation ratio for an audit services procurement and is consistent with other recently let public sector audit procurement contracts. Our market intelligence is that firms will not engage […]

Read more on The proposed 80% quality and 20% price evaluation ratio feels too high for the procurement

We are considering opting in to PSAA’s appointing person scheme but are mindful of the imminent Local Government Reorganisation (LGR) and the impact if the structure of our council changes.

When an authority ceases to exist they are automatically removed from our scheme, therefore any decision to opt-in would no longer stand. Given the potential uncertainty of LGR, a decision to opt in could provide a helpful safety net. If an authority decides not to accept the opt-in invitation before the closing date (11 March […]

Read more on We are considering opting in to PSAA’s appointing person scheme but are mindful of the imminent Local Government Reorganisation (LGR) and the impact if the structure of our council changes.

We are thinking of declining PSAA’s opt-in invitation, but what happens if we are unsuccessful in establishing local arrangements? Can we request to join the scheme?

An eligible body that does not accept the opt-in invitation for an appointing period may request to opt in during the appointing period only: for the audits 2018/19-2022/23, that is on or after 1 April 2018 for the audits 2023/24-2027/28, that is on or after 1 April 2023 PSAA must consider a request as the […]

Read more on We are thinking of declining PSAA’s opt-in invitation, but what happens if we are unsuccessful in establishing local arrangements? Can we request to join the scheme?

We have a joint committee which no longer has a statutory requirement to have an external auditor but has agreed in the interests of all parties to continue to engage one. Is it possible to use this process as an option to procure the external auditor for the joint committee?

The requirement for joint committees to produce statutory accounts ceased after production of the 2014/15 accounts and they are therefore not listed in Schedule 2 of the Local Audit and Accountability Act 2014. Joint committees that have opted to produce accounts voluntarily and obtain non-statutory assurance on them need to make their own local audit […]

Read more on We have a joint committee which no longer has a statutory requirement to have an external auditor but has agreed in the interests of all parties to continue to engage one. Is it possible to use this process as an option to procure the external auditor for the joint committee?

What are the arrangements for overseeing the quality of audit work undertaken by the audit firms appointed by the appointing person?

In accordance with the Local Audit and Accountability Act 2014, to provide local audit services firms and key audit partners must be registered with the ICAEW. The quality of the firms’ work will be subject to scrutiny by both the ICAEW and the Financial Reporting Council (FRC). The FRC and the ICAEW have their own […]

Read more on What are the arrangements for overseeing the quality of audit work undertaken by the audit firms appointed by the appointing person?

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 on 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?