Frequently Asked Questions

Why have you proposed 80-20 quality to price weighting for the new contracts?

This is an evaluation ratio for an audit services procurement and is consistent with other recently let public sector audit procurement contracts. It differs from the approach that we applied in our 2017 procurement as our market intelligence is that firms will not engage with bodies that do not value audit and use ratios that […]

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Why set a minimum price – surely it is for individual firms to determine the costs of the audit when they tender?

If PSAA decides to introduce a minimum fee for some audits this will be referenced in our formal invitation to opt in to the PSAA scheme, which will be issued to all eligible bodies in late September 2021. Whilst the firms set the total amount due to auditors, PSAA determines the amount payable by individual […]

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Will an auditor be able to provide my authority with non-audit consultancy services?

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 […]

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Will the quality assessment be shared with Local Authorities on appointment of the Auditors, as what they say and what we receive is very often different and this causes delays?

We will publish a summary of our approach to the quality assessment of tender responses once it has been agreed by the PSAA Board. Tender responses are confidential documents, however we will look to see if there is a way that we could appropriately share pertinent details.

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