Disagreement over how to value Luton Borough Council’s subsidiary airport company means the authority’s 2018-19 accounts have not been signed off, and auditors are considering making a statutory...
A proposed temporary override to financial reporting on councils’ infrastructure has been welcomed by the sector as an opportunity to take a step back and sort out one of the major problems facing...
Local audit firms have been told by the Financial Reporting Council to “urgently” improve the quality and timeliness of their work, after the number of unacceptable audits rose last year.
Failures in the local audit market are leading to “increasingly incomplete and unreliable” data in central government reporting with councils left in the dark over spending decisions, the Public...
Culture is the “biggest thing” that needs to change to empower internal auditors in the public sector to make positive contributions to their organisations, according to speakers at Public Finance...
Panellists at Public Finance Live agreed something needs to change to speed up audit opinions being issued on council accounts, but were unsure whether giving auditors a statutory deadline is the...
Government work evaluating innovative programmes in children’s social care has been praised as exemplary, with the National Audit Office saying it “will be of value to other departments”.
The government is set to make it a statutory requirement for councils in England to have independent members on audit committees as part of local audit reforms.
Criticism over the lack of audit work carried out at Liverpool City Council has led the authority to create a new position for a chief internal audit officer.
A lack of funding for staff development and challenges around the recruitment of new officers is preventing the internal audit function from reaching its full potential, according to a CIPFA report.
CIPFA / LASAAC has launched an urgent consultation on changes to the local authority accounting code to deal with infrastructure reporting issues currently holding up the sign-off of some sets of...
The Financial Reporting Council has fined accountancy firm KPMG £14.4m after finding it provided false and misleading information to its review of the firm's audit of collapsed public...
The Financial Reporting Council is set to investigate the financial statements of a transport operator, after the company was at the centre of an accounting scandal.
External auditors for South Cambridgeshire District Council have closed the authority’s 2018-19 accounts, after finding significant issues with property valuations.
CIPFA’s Sarah Sheen and ICAEW’s Oliver Simms explain how working in local audit brings substantial benefits, including the opportunity to make a real difference to people’s lives.
A senior external auditor is set to become the first director of local audit at the Financial Reporting Council, as part of sector-wide reforms to improve standards.