What is the process to feed in opinions of current auditors if there are issues?

PSAA undertakes contract monitoring of the firms it appoints. PSAA will seek feedback on its auditors as part of its engagement with the sector.

PSAA has a clear process for managing complaints, which sets out those areas that it covers. It does not cover matters of professional judgement. We have a Memorandum of Understanding with professional regulators (The Institute of Chartered Accountants England and Wales (ICAEW) as the Recognised Supervisory Body (RSB) and the Financial Reporting Council (FRC)), such that complaints are dealt with by the most appropriate body.