The local audit backlog could have “serious financial consequences” and avoiding any delays in clearing it should be a priority for the government, the Institute of Chartered Accountants in England...
Accountants have warned that progress on local audit reforms will stall without further improvements to the audit market and capacity in council finance teams.
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.
