FRC podcast: Local audit backlog measures and audit opinions
The FRC issued a podcast on 15 November to discuss the measures introduced to address the backlog of local audits and how they will impact the audit process and the type of opinion issued.
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Read more of: FRC podcast: Local audit backlog measures and audit opinions
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Contract Monitoring Data Pack: Quarter 2 for 2024/25
Read more of: Contract Monitoring Data Pack: Quarter 2 for 2024/25PSAA has published its Contract Monitoring Data Pack: Quarter 2 for 2024/25. We produce quarterly reports on our contracted firms, building up information as the year progresses. The data pack covers audit opinions, approved fee variations and electors’ objections up to 30 September 2024. A further 38 audit opinions were completed this quarter, resulting in […]
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KPIs and payment milestones for 2024/25 audits
Read more of: KPIs and payment milestones for 2024/25 auditsWe have adjusted some KPIs within the audit services contract and the first payment milestone to reflect the government’s decision to introduce backstop dates for the delivery of audit opinions, as part of its solution to restore timely audit delivery. We have also added a new KPI relating to the production of the draft Annual […]
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CIPFA bulletin: Local audit backlog in England
Read more of: CIPFA bulletin: Local audit backlog in EnglandCIPFA has published its Bulletin 18 Local audit backlog in England | CIPFA following legislation bringing into effect backstop dates for authorities in England to publish final accountability statements. The bulletin provides guidance on what this will mean for local authority audits, in particular the types of modified opinions authorities may see and how auditors […]
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Webinar: Local audit backlog solution – Q&A session
Read more of: Webinar: Local audit backlog solution – Q&A sessionOur next Local Audit Quality Forum event will take place on Friday 8 November from 11.15am to 12noon. This webinar is aimed at s151 Officers, Audit Committee (and equivalent) Chairs, and representatives from local audit firms. The webinar will see a panel of representatives from MHCLG, the FRC, the NAO, CIPFA and PSAA respond to […]
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Latest update to auditor appointment directories
Read more of: Latest update to auditor appointment directoriesWe have published updates to our auditor appointment directories following our October updates from our audit suppliers: You can also visit our pages that list all directories for 2018/19 to 2022/23 and 2023/24 to 2027/28.
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October 2024 update
Read more of: October 2024 updateThis edition of our quarterly e-bulletin includes an update on the local audit backlog situation, our client survey for 2023/24 audits, and a summary of local audit news from elsewhere. We hope that you continue to find our e-bulletin to be useful. We welcome your thoughts on future topics that you would like us to […]
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PSAA Non-Executive Director role
Read more of: PSAA Non-Executive Director roleWe are looking to appoint a dynamic and passionate Non-Executive Director to join our Board and work with our small but dedicated team, with a commitment of up to 20 days per annum. There are real challenges facing local public audit and ministers have been clear about their commitment to addressing these. PSAA, with others […]
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FRC issues guide on local audit backlog rebuilding assurance
Read more of: FRC issues guide on local audit backlog rebuilding assuranceThe FRC has issued a guide on the Local Audit Backlog Rebuilding Assurance which explains how rebuilding assurance after a disclaimed opinion may work in practice on local government audits.
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PSAA draft information paper for 2023/24 audits
Read more of: PSAA draft information paper for 2023/24 auditsWe have published our draft information paper for 2023/24 audits with the 2024/25 fee scale consultation. The information paper identifies the impact on fees of changes in standards and provides information on how opted-in bodies and auditors can work together to mitigate the amount of additional audit work needed. We will publish a final version […]