Contract Monitoring Data Pack: Quarter 4 for 2021/22

PSAA 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. This has been made worse by concerns about the valuation of infrastructure assets.

The data pack highlights the importance of the whole system working together to restore timely completion of audits in order to rebuild public trust and confidence.