The pressure on democracy is already finding its way to audit in some parts of the world, but audit has always known political pressure, Public Finance Live delegates heard.
Poor audit work ahead of outsourcing giant Carillion’s collapse undermined the “credibility and the public trust in audit” and have prompted the Financial Reporting Council to issue KPMG with a...
More than 900 local authority audit opinions are outstanding and the government must take urgent action to clear the swelling backlog, Public Sector Audit Appointments has said.
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...
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...
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.
The Financial Reporting Council has fined accountancy firm Deloitte over material misstatements in the 2016 financial statements of outsourcing company Mitie.
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...
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.
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.
An administrative error at a London borough saw more than £700,000 of incorrect payments made to businesses and a social care provider, according to external auditors.
Issues with external audit are not confined to local government – the NHS system is also not working, says Emma Knowles, director of policy and research at the Healthcare Financial Management...
A 25% increase in audit fee variation rates for 2020-2021 is being proposed by the Public Sector Audit Appointments, following recommendations from the Redmond Review.
The Redmond Review, published today, has recommended the creation of a new local authority audit oversight body and a review of the current fee structure.
From Universal Credit to Crossrail, local government finances to central government IT projects, the National Audit Office has shone a light on some of the biggest public finance challenges of recent...
Health and social care services in Scotland face a “very significant” challenge to their financial sustainability against a backdrop of local government funding cuts that have seen councils...
The Scottish Government has defended its decision to bail out private companies after it was criticised by auditors for having substantially reduced the value of £140m in loans and guarantees.
