Frequently Asked Questions

What can I expect from PSAA once an auditor appointment has been made?

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 […]

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What do you think the audit fees will be from April 2023?

Other than the high likelihood that fees will increase from their current level, there are too many variables and too much uncertainty to say. The scale fees from 2023/24 will be largely determined by the outcome of the procurement from the rates that the suppliers bid. We would expect to communicate the outcome of the […]

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What has the market told you about what is needed to deliver sustainability especially new entrants and will existing firms work with potential new competitors?

In 2020 PSAA commissioned independent research from Touchstone Renard to review of the sustainability of the local government audit market.  The proposals outlined in our market engagement were informed by the outcome of this research alongside other research and our day to day communications with audit suppliers. During the summer we will consider the feedback […]

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What is an appointing person and which bodies are eligible to opt in?

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 […]

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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 […]

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