PSAA has published its Audit Quality Monitoring Report for 2023. Given the issues related to the local audit and reporting backlog, our report covers the work of local auditors appointed by PSAA for the 2021/22 and 2022/23 financial years and provides relevant related information. This report brings together the information from our client survey, the results […]
PSAA has published its Contract Monitoring Data Pack: Quarter 3 for 2023/24. 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 as of 31 December 2023. The audit backlog is at an unacceptable level. This quarter a […]
PSAA has published its Contract Monitoring Data Pack: Quarter 2 for 2023/24. 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 as of 30 September 2023. The audit backlog continues to be extremely concerning. Only 5 out […]
PSAA has published the findings of its survey of audited bodies’ feedback on their audits of 2021/22 accounts. The results provide feedback on how auditors have managed their relationships with audited bodies. The effectiveness of relationship management is one of the measures used to monitor the quality of audit services provided.
PSAA has published its Contract Monitoring Data Pack: Quarter 1 for 2023/24. 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 as of 30 June 2023. The backlog of unfinished audits continues to be concerning, with 516 […]
PSAA has published its Contract Monitoring Data Pack: Quarter 4 for 2022/23. 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 as of 31 March 2023. The backlog of unfinished audits continues to be concerning, with 545 […]
PSAA has published its Audit Quality Monitoring Report for the 2020/21 audits. This covers the work of local auditors appointed by PSAA for the 2020/21 financial year. The report brings together the information from the survey, the results of professional regulation and contractual compliance into a single document.
PSAA has published its Contract Monitoring Data Pack: Quarter 3 for 2022/23. The data pack covers audit opinions, approved fee variations and electors’ objections as at 31 December 2022. Only 12% of audit opinions met the publishing date of 30 November 2022 for 2021/22 audited financial statements which underscores the scale of the challenge that local […]
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 statement […]
PSAA has published the findings of its survey of audited bodies’ feedback on their audits of 2020/21 accounts. The results provide feedback on how auditors have managed their relationships with audited bodies. The effectiveness of relationship management is one of the measures used to monitor the quality of audit services provided.