Consultation on 2022/23 scale of audit fees
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.
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Read more of: Consultation on 2022/23 scale of audit fees
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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 for 2020/21, 2021/22 and 2022/23 following our July updates from our audit suppliers. List of auditor appointments and scale fees – PSAA
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July 2022 update
Read more of: July 2022 updateWelcome to our latest e-bulletin. In this edition we provide an update on our annual client survey, developments relating to local audit and key topics shared at our most recent Advisory Panel meeting. In March we asked you to share your thoughts on how we communicate and engage with you. Thank you to everyone who […]
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PSAA publishes results of third client survey
Read more of: PSAA publishes results of third client surveyPSAA has published the findings of its third survey of audited bodies’ feedback on their audits. The results provide feedback on how auditors have managed their relationships with audited bodies. The effectiveness of relationship management is one of the measures that we use to monitor the quality of audit services provided. The survey results reflected […]
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FRC issues revised guidance for recognising Key Audit Partners
Read more of: FRC issues revised guidance for recognising Key Audit PartnersPSAA welcomes the FRC’s revised guidance for recognising Key Audit Partners (KAPs) for local audit. This has established more flexible routes for Responsible Individuals to become KAPs and is a step towards addressing the market’s resources issue.
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Contract Monitoring Data Pack: Quarter 4 for 2021/22
Read more of: Contract Monitoring Data Pack: Quarter 4 for 2021/22PSAA has published its Contract Monitoring Data Pack: Quarter 4 for 2021/22. The pack provides updated information regarding audit opinions as of 31 March 2022. The main headlines for this quarter include the growing backlog of unfinished audits, with over 40% of opted-in bodies preparing their 2021/22 financial statements with the prior year not completed. […]
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Press release: PSAA launches new route for appointing auditors
Read more of: Press release: PSAA launches new route for appointing auditorsPublic Sector Audit Appointments Limited (PSAA) has today established a dynamic purchasing system (DPS) that will provide a new route to procure audit services for bodies that have opted to join its national scheme. The DPS is expected to be in place through to 2030 and will enable PSAA to tap into available audit capacity […]
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Latest updates to auditor appointment directories
Read more of: Latest updates to auditor appointment directoriesWe have published updates to our auditor appointment directories for 2020/21, 2021/22 and 2022/23 following our April updates from our audit suppliers. List of auditor appointments and scale fees – PSAA
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Audit Services Procurement Update
Read more of: Audit Services Procurement UpdatePSAA is on track with its procurement of audit services for opted-in bodies for the audit of accounts from 2023/24 to 2027/28. The invitation to tender was issued as planned on 7 April 2022 and tenderers have until noon on 11 July 2022 to submit their responses.
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PSAA publishes its report on 2019/20 audits
Read more of: PSAA publishes its report on 2019/20 auditsWe are pleased to present our Annual Quality Monitoring Report for 2019/20. This covers the work of local auditors appointed by PSAA for the 2019/20 financial year, which was undertaken during a difficult time for all concerned. We provide information from our quality monitoring arrangements throughout the year, publishing particular elements as they become available. […]