As you might expect PSAA recognises and shares your disappointment and frustration at the prospect of a delayed 2020/21 audit process, adding to the existing backlog.
We are very conscious of the adverse effects which flow from delayed audit opinions. They disrupt related work plans; they raise uncertainties in relation to the organisation’s financial position; they weaken governance and accountability processes. Perhaps most obviously, delayed audited accounts are simply less valuable and relevant to all interested parties.
In common with all stakeholders in the local audit system (including the auditors themselves), we want to see the earliest possible return to a position in which virtually all local bodies are able to publish their audited accounts by the target date specified in the Accounts and Audit Regulations.