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...
Local authority procurement body Public Sector Audit Appointments will reassess its proposal to increase the number of audit lots following a mixed response from the sector.
Opening the public sector audit market to new entrants will require a collective, system-wide effort says Julie Schofield, senior manager of business and procurement at local authority audit body...
Northern Ireland’s Department of Health is facing questions over its accounting treatment of millions of pounds that might otherwise have been redistributed to other departments.
Poorly maintained records of grants given out for affordable rented homes in Bristol meant data was unreliable, according to a highly critical report from the city council’s internal auditors.
The National Audit Office has consulted with local and national government on a new good practice guide, learning the lessons for procurement from Covid-19, explains Matthew Rees.
A new Fabian pamphlet calls on the Labour Party to position itself as the party of rigorous stewardship of public money – authors David Walker and John Tizard explain why.
Whitehall's oversight of local government audit has become “increasingly complacent” and the proposed solution involves treating public audit as “an afterthought”, MPs have said.
Finance professionals have a key role in developing public sector sustainability reporting standards – but need to be develop new skills to do so effectively, according to CIPFA research.
More auditor interventions through statutory recommendations and public interest reports to local authorities are likely to occur in coming years, an audit expert has warned.
Proposed reforms by local audit administrator Public Sector Audit Appointments will fail to bring smaller companies into the sector, according to a senior partner at a 60-strong accountancy firm.
Proposals released today putting a greater emphasis on quality in the awarding of local government audit contracts would see fees rise if adopted, according to an expert.
Thanet District Council’s cabinet is being asked to approve £733,000 for legal costs relating to ongoing disciplinary and grievance proceedings in the face of low reserves.
A “prevalent, negative culture” at Nottingham City Council in which officers regularly fail to comply with processes and rules has drawn criticism from its internal auditors.
Amendments to international reporting standards proposed this week will see auditors demand more involvement with councils' processes for identifying fraud, an expert told PF.
A senior MP has questioned whether the new 'system leader' for local audit proposed by the government will possess the expertise to deal with the complexities of the sector.
Government proposals on local audit have gained a qualified welcome from the sector – but questions still remain, say experts – PF rounds up the reaction.
The government has proposed making the replacement to the Financial Reporting Council the new system leader for local audit, following the Redmond Review.