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17 Dec 21
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.
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2 Nov 21
The quality of local audit improved on last year despite "disappointing" performance on meeting deadlines, according to the Financial Reporting Council.
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1 Nov 21
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.
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23 Sep 21
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.
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16 Jul 21
Council audit review chief says government plans for a new ‘system leader’ can work – but need proper focus.
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14 Jul 21
CIPFA has lodged strong objections with the government over proposals to create a separate audit profession.
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24 Feb 21
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...
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10 Nov 20
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.
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8 Sep 20
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.
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26 Feb 20
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...
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19 Dec 19
Audit must be split from general accountancy to restore trust in the profession, an independent review has said.
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16 Dec 19
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...
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1 Oct 19
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.
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10 Jul 19
Communities secretary James Brokenshire announced the government is to examine local authority financial reporting and auditing, as he gave a ministerial address at CIPFA’s annual conference today.
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8 Jul 19
In an increasingly complex world, with all the business risk associated with it, internal audit needs to adapt – and quickly
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5 Jul 19
The auditing industry resembles a closed shop that polices itself, constantly blurs the line between providing and selling services, and is protected by government when things go wrong. There...
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5 Jul 19
A number of high-profile business scandals has put auditing in the pillory. But a mixture of transparency, relevant skills and codes of practice – and good old-fashioned scepticism – can build back...
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5 Jul 19
Public audit needs to re-engage with taxpayers, become less technical and put its energies back into value for money.
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17 Jun 19
The UK’s largest charities paid audit fees of £72.3m in 2017-18, a rise of £10.2m in just four years, according to an online data service.
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11 Jun 19
Councils are still being called on to do more with less but the move towards investment in commercial property may not be an appropriate response, says CIPFA’s Don Peebles.
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11 Jun 19
The adequacy and impact of auditor reporting is under scrutiny after an NAO report concluded that central government lacks the evidence base needed to assess governance
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6 Jun 19
The adequacy and impact of auditor reporting is under scrutiny - but real improvement still seems some way off, explains CIPFA’s Diana Melville.
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6 Jun 19
Councils are concerned that a National Audit Office investigation into commercial property investment will criticise them, public finance experts have told PF.
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14 May 19
Ninety-three per cent of construction industry suppliers think the relationship between the ill-fated firm and its auditors, KPMG, was “too cosy”, according to a poll of construction industry leaders.
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18 Apr 19
The Competitions and Markets Authority’s proposals to partially break up the ‘big four’ accounting firms to increase competition “will have consequences” for local government, CIPFA has said.
17 Dec 21Local 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.
1 Nov 21Accountancy 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.
23 Sep 21An 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.
16 Jul 21Council audit review chief says government plans for a new ‘system leader’ can work – but need proper focus.
14 Jul 21CIPFA has lodged strong objections with the government over proposals to create a separate audit profession.
24 Feb 21Issues 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...
10 Nov 20A 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.
8 Sep 20The Redmond Review, published today, has recommended the creation of a new local authority audit oversight body and a review of the current fee structure.
26 Feb 20From 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...
19 Dec 19Audit must be split from general accountancy to restore trust in the profession, an independent review has said.
16 Dec 19Health 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...
1 Oct 19The 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.
10 Jul 19Communities secretary James Brokenshire announced the government is to examine local authority financial reporting and auditing, as he gave a ministerial address at CIPFA’s annual conference today.
8 Jul 19In an increasingly complex world, with all the business risk associated with it, internal audit needs to adapt – and quickly
5 Jul 19The auditing industry resembles a closed shop that polices itself, constantly blurs the line between providing and selling services, and is protected by government when things go wrong. There...
5 Jul 19A number of high-profile business scandals has put auditing in the pillory. But a mixture of transparency, relevant skills and codes of practice – and good old-fashioned scepticism – can build back...
5 Jul 19Public audit needs to re-engage with taxpayers, become less technical and put its energies back into value for money.
17 Jun 19The UK’s largest charities paid audit fees of £72.3m in 2017-18, a rise of £10.2m in just four years, according to an online data service.
11 Jun 19Councils are still being called on to do more with less but the move towards investment in commercial property may not be an appropriate response, says CIPFA’s Don Peebles.
11 Jun 19The adequacy and impact of auditor reporting is under scrutiny after an NAO report concluded that central government lacks the evidence base needed to assess governance
6 Jun 19The adequacy and impact of auditor reporting is under scrutiny - but real improvement still seems some way off, explains CIPFA’s Diana Melville.
6 Jun 19Councils are concerned that a National Audit Office investigation into commercial property investment will criticise them, public finance experts have told PF.
14 May 19Ninety-three per cent of construction industry suppliers think the relationship between the ill-fated firm and its auditors, KPMG, was “too cosy”, according to a poll of construction industry leaders.
