PSAA is keen to attract new audit suppliers including those looking to work alongside firms that are more experienced in this market. Very helpfully, ICAEW is offering to assist firms to make contact with each other with a view to exploring possible collaboration options. ICAEW has provided a summary of its role in relation to […]
PSAA is pleased to report that it has received acceptances from 50 eligible bodies to its opt-in invitation. A full list of the opted-in bodies is on our website. The latest date to notify PSAA of your opt-in decision is midnight on 11 March 2022.
This week we held our first market engagement webinar with potential suppliers for our 2022 audit services procurement. We walked through and took questions on the procurement strategy outlining our current thinking on lot structure, bidding rules, the basis for bid pricing and the indicative timescales. We were delighted to welcome representatives from registered local […]
Welcome to our fourth PSAA e-bulletin. This month we held the first of our market engagement webinars with potential suppliers, and the second in our Autumn Winter Webinar series which focussed on ‘Making Auditor Appointments”. We have continued to communicate on the preparations for next Appointing Period with an opinion piece from our Chair, Steve […]
Welcome to the third PSAA e-bulletin. In the last month it has been confirmed that only 9% of local government 2020/2021 audit opinions were issued by the target publishing date of 30 September 2021. This is a very disappointing position and you can read more about it below. The current challenges provided the backdrop to […]
Delayed audit opinions continue to be a major concern in the local audit system. The growing scale of the challenge is illustrated by the latest figures compiled by PSAA. As at the target date of 30 September 2021 only 9% of local government bodies’ 2020/21 audits have been completed. The position compares to completion of […]
Welcome to the second PSAA e-bulletin. This month alongside outlining details of the opt-in invitation which we issued to all eligible bodies on 22 September, we are publishing the results of our annual client survey based on the 2019/20 audits. We also highlight the outcome of our research to consider options for national fee determinations […]
On 22 September 2021 PSAA invited all principal local government including police and fire bodies to become opted-in authorities. At the same time it published its procurement strategy and prospectus for the national scheme from April 2023. Both documents have evolved in response to the feedback provided by the market engagement exercise and consultation on […]
PSAA has responded to the DLUHC* consultation on the Local Audit Framework Local audit framework: technical consultation. It covered ‘proposals to implement the independent Redmond Review of local authority financial reporting and external audit.’ It builds on Department’s Spring Report Local authority financial reporting and external audit: Spring update. PSAA is committed to supporting the […]
PSAA has invited all principal local government including police and fire bodies to become opted-in authorities. In accordance with the Local Audit and Accountability Act 2014 and the Local Audit (Appointing Person) Regulations 2015 (the Regulations), PSAA has formally invited all eligible bodies to become opted-in authorities to the national auditor appointment arrangements for the […]