For disclaimed audit opinions, we have reviewed each firm’s audit procedures for issuing such opinions. Firms were statutorily obliged to take account of the Local Audit Reset and Recovery Implementation Guidance (LARRIGs) issued by the National Audit Office in September 2024 and endorsed by the Financial Reporting Council.
Ministerial statements have confirmed that firms will be remunerated for work undertaken in good faith to meet the requirements of the Code of Audit Practice.