Panellists at Public Finance Live agreed something needs to change to speed up audit opinions being issued on council accounts, but were unsure whether giving auditors a statutory deadline is the...
Organisations need to take decisive action to improve the scope and role of internal audit, to avoid weakening risk-management and oversight, says Diana Melville.
The government is set to make it a statutory requirement for councils in England to have independent members on audit committees as part of local audit reforms.
A lack of funding for staff development and challenges around the recruitment of new officers is preventing the internal audit function from reaching its full potential, according to a CIPFA report.
External auditors for South Cambridgeshire District Council have closed the authority’s 2018-19 accounts, after finding significant issues with property valuations.
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.
Local authority organisations have warned that changes that would change the way councils account for debt servicing on commercial property borrowing could have a “devastating” impact on...
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.
The quality of local audit improved on last year despite "disappointing" performance on meeting deadlines, according to the Financial Reporting Council.
More than 90% of local authority audit opinions for 2020-21 missed the extended September deadline, according to oversight body Public Sector Audit Appointments.
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...
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.
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.