Response to the NAO’s consultation on VFM arrangements guidance and Public Audit Forum exposure draft of Practice Note 10

PSAA has published its response to the NAO’s consultation on its Auditor Guidance Note (AGN 03) that provides guidance to auditors to support their work on value for money (VFM) arrangements.

PSAA has also responded to the Public Audit Forum’s exposure draft of Practice Note 10, which sets out how UK public sector auditors apply auditing standards to their work on financial statements.