Contract monitoring

As the specified appointing person for relevant local government authorities under the Local Audit (Appointed Person) Regulations 2015, PSAA is committed to ensuring that the quality of the audit work provided by our firms is of the required standard.

Our approach is grounded in the International Auditing and Assurance Standards Board’s Framework for Audit Quality. We have taken the attributes the IAASB framework expects to be present in a quality audit and distilled them into three tests, which we use to consider the quality of audits and auditors under our contracts:

  • adherence to professional standards and guidance;
  • compliance with contractual requirements; and
  • relationship management.

To promote transparency and encourage best practice, we publish reports providing information on the quality of audit services under our audit contracts.