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.
Almost all eligible public bodies in England have registered for the national auditor procurement scheme run by Public Sector Audit Appointments from 2023, the oversight body has announced.
The Ministry of Defence’s £5.5bn plan to update the British Army’s ageing tank fleet is under threat due to an ongoing a dispute about the condition of replacement vehicles, according to the National...
Auditors were unable to give an opinion on the accounts of the public body in charge of Scotland’s inland waterways because of flaws in the way it recorded and valued its assets.
The local government audit crisis means is compounding local government’s financial difficulties, says Public Accounts Committee chair, Dame Meg Hillier.
External auditors for an East Midlands authority will review financial reporting arrangements after identifying fraudulent payments in the council's 2019-20 financial statements.
External auditors are set to qualify a London borough's statement of accounts for 2018-19 and 2019-20 on a number of grounds, including a failure to consolidate financial statements of...
The chief executive of audit firm KPMG has apologised for misleading the Financial Reporting Council during a quality review of an audit of financial statements produced by former...
The Financial Reporting Council has fined accounting firm Mazars £250,000 over "insufficient and undocumented” challenge on the valuation of refurbishment costs in a local authority audit.
Local authorities in England are set to receive £45m over the next three years, alongside extended accounts deadlines, to help improve the timeliness of local audit.
Large amounts of government spending are either evaluated poorly or not evaluated at all, according to a critical report from the National Audit Office.
Fraud and error in pandemic support programmes have led to head of the National Audit Office Gareth Davies qualifying his opinion on the 2020-21 accounts of the Department for Business, Energy and...
The government has been criticised for lacking information about its pandemic scheme set up to fight youth unemployment, meaning it does not know whether it is having the positive impact it was hoped...
The proportion of schools run by local authorities reporting deficits more than doubled in five years as cost pressures on the mainstream education system rose faster than funding, the National...
Public Accounts Committee chair Meg Hillier and HCLG committee chair Clive Betts take issue with recent findings by the Financial Reporting Council on local authority audit.
The quality of local audit improved on last year despite "disappointing" performance on meeting deadlines, according to the Financial Reporting Council.
Accountancy firm Grant Thornton has been fined more than £700,000 by the Financial Reporting Council for serious failures connected to its auditing of outsourcing firm Interserve.
More than 90% of local authority audit opinions for 2020-21 missed the extended September deadline, according to oversight body Public Sector Audit Appointments.
Accountancy firm Grant Thornton has been sanctioned by the Financial Reporting Council for failures in its audits of Patisserie Valerie before the café chain company collapsed, showing “a serious...
The Financial Reporting Council has filed a formal complaint against accountancy firm KPMG, in relation to allegations of supplying false and misleading information to the regulator's review of...