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...
Local authority external audit fees for 2020-21 will be used as a baseline for next year, although one expert predicted that levels are likely to change by the end of the year.
Local audit delays exacerbated by Covid-19 have undermined central government departments’ oversight of their sectors, according to the National Audit Office.
A 'back to the future' approach for local government audit is not realistic, according to Steve Freer, chairman of audit oversight body Public Sector Audit Appointments.
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.
“Urgent improvement” is needed after a sharp rise in delayed audit opinions in local government, said the organisation that appoints auditors to 98% of council, police and fire authorities.
