PSAA’s recent procurement of local audit services was a tense and testing experience. From its outset it was a huge challenge to secure sufficient capacity for all the opted-in bodies. Steve Freer, PSAA’s Chair, in a recent article discusses the importance of strengthening and developing the local audit system, in readiness for the next main […]
PSAA has published its Contract Monitoring Data Pack: Quarter 2 for 2022/23. The pack provides updated information regarding audit opinions as of 30 September 2022. The main headline for this quarter remains the backlog of unfinished audits for 2020/21. A year after the publishing date 35% of opted in bodies do not have a financial […]
Steve Freer, PSAA’s Chair, shares his thoughts in an article that considers the wider local audit landscape. This follows our announcement of the outcome of our recent audit services procurement. The article provides a behind the scenes look at the procurement. It gives a flavour of the nature of the actions which need to be […]
Welcome to our latest e-bulletin. In this edition we share news on the outcome of our procurement for the 2023/24 to 2027/28 audits, an update on our consultation on the scale fees for 2022/23, and additional information related to fee variations. You can keep up to date with PSAA matters between these e-bulletins by following […]
On 17 October we commenced our consultation on the proposed auditor appointments for all opted-in bodies for audits from 2023/24 to 2027/28. We sent the email to s151 Officers and copied in the Audit Committee Chair and Chief Executive. If you have not received your email please contact us at generalenquiries@psaa.co.uk. Under regulation 13 of […]
Today Public Sector Audit Appointments Ltd (PSAA) announces the outcome of its procurement of audit services for the 470 local government, police and fire bodies (99% of eligible local bodies) that have opted into its national scheme for the next appointing period spanning the audits from 2023/24 to 2027/28. The procurement has taken place against […]
PSAA has responded to the Public Audit Forum consultation on Practice Note 10 – Audit of Financial Statements of Public Sector Bodies in the UK (revised). Practice Note 10 is an important document as it sets out how auditors of public sector bodies in England, Scotland, Northern Ireland and Wales apply auditing standards to their work […]
Following the passing of Her Majesty The Queen, PSAA offers its condolences to her family and all who are impacted by the loss of our monarch after an incredible lifetime of devoted service. We also commemorate her leadership and her unwavering dignity throughout her life.
PSAA’s current procurement of local audit services is about to enter a concluding stage. The initial process has secured 96.5% of the capacity required to enable auditor appointments to all the bodies that have opted into PSAA’s national scheme. A rapid supplementary procurement of four small-sized Lots will now take place to seek to secure […]
We are consulting on the proposed scale of fees for 2022/23 audits. Information on the consultation and how to respond has been published. The consultation will remain open until 30 September 2022.