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24 May 22
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.
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23 May 22
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.
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13 May 22
CIPFA / LASAAC has launched an urgent consultation on changes to the local authority accounting code to deal with infrastructure reporting issues currently holding up the sign-off of some sets of...
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13 May 22
The Financial Reporting Council has fined accountancy firm KPMG £14.4m after finding it provided false and misleading information to its review of the firm's audit of collapsed public...
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13 Apr 22
The Financial Reporting Council is set to investigate the financial statements of a transport operator, after the company was at the centre of an accounting scandal.
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8 Apr 22
External auditors for South Cambridgeshire District Council have closed the authority’s 2018-19 accounts, after finding significant issues with property valuations.
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8 Apr 22
Plans to delay introduction of IFRS16 Leases for two years have been signed off by the government’s Financial Reporting Advisory Board (FRAB).
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24 Mar 22
CIPFA’s Sarah Sheen and ICAEW’s Oliver Simms explain how working in local audit brings substantial benefits, including the opportunity to make a real difference to people’s lives.
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15 Mar 22
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.
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15 Mar 22
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.
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11 Mar 22
The Ministry of Defence’s £5.5bn plan to update the British Army’s ageing tank fleet is under threat due to an ongoing a dispute about the condition of replacement vehicles, according to the National...
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4 Mar 22
The performance of the local audit has been labelled “unacceptable” by council leaders, after less than 10% of audit opinions were completed on time.
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24 Feb 22
Scotland’s NHS needs major reforms to help the Scottish Government through the recovery from Covid-19, according to a report by a spending watchdog.
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9 Feb 22
Auditors were unable to give an opinion on the accounts of the public body in charge of Scotland’s inland waterways because of flaws in the way it recorded and valued its assets.
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4 Feb 22
CIPFA has released an emergency consultation on postponing imminent lease reporting requirements for another year to help speed up local audit.
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4 Feb 22
The local government audit crisis means is compounding local government’s financial difficulties, says Public Accounts Committee chair, Dame Meg Hillier.
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28 Jan 22
External auditors for an East Midlands authority will review financial reporting arrangements after identifying fraudulent payments in the council's 2019-20 financial statements.
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25 Jan 22
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...
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19 Jan 22
Encouraging collaboration within the current fragmented system is the best way to speed up local audit, says CIPFA chief executive Rob Whiteman.
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11 Jan 22
The chief executive of audit firm KPMG has apologised for misleading the Financial Reporting Council during a quality review of an audit of financial statements produced by former...
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5 Jan 22
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.
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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 Dec 21
Large amounts of government spending are either evaluated poorly or not evaluated at all, according to a critical report from the National Audit Office.
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30 Nov 21
Fraud and error in pandemic support programmes have led to head of the National Audit Office Gareth Davies qualifying his opinion on the 2020-21 accounts of the Department for Business, Energy and...
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26 Nov 21
The government has been criticised for lacking information about its pandemic scheme set up to fight youth unemployment, meaning it does not know whether it is having the positive impact it was hoped...
24 May 22Criticism 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.
23 May 22A 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.
13 May 22CIPFA / LASAAC has launched an urgent consultation on changes to the local authority accounting code to deal with infrastructure reporting issues currently holding up the sign-off of some sets of...
13 May 22The Financial Reporting Council has fined accountancy firm KPMG £14.4m after finding it provided false and misleading information to its review of the firm's audit of collapsed public...
13 Apr 22The Financial Reporting Council is set to investigate the financial statements of a transport operator, after the company was at the centre of an accounting scandal.
8 Apr 22External auditors for South Cambridgeshire District Council have closed the authority’s 2018-19 accounts, after finding significant issues with property valuations.
8 Apr 22Plans to delay introduction of IFRS16 Leases for two years have been signed off by the government’s Financial Reporting Advisory Board (FRAB).
15 Mar 22A 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.
15 Mar 22Almost 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.
11 Mar 22The Ministry of Defence’s £5.5bn plan to update the British Army’s ageing tank fleet is under threat due to an ongoing a dispute about the condition of replacement vehicles, according to the National...
24 Feb 22Scotland’s NHS needs major reforms to help the Scottish Government through the recovery from Covid-19, according to a report by a spending watchdog.
9 Feb 22Auditors were unable to give an opinion on the accounts of the public body in charge of Scotland’s inland waterways because of flaws in the way it recorded and valued its assets.
4 Feb 22The local government audit crisis means is compounding local government’s financial difficulties, says Public Accounts Committee chair, Dame Meg Hillier.
28 Jan 22External auditors for an East Midlands authority will review financial reporting arrangements after identifying fraudulent payments in the council's 2019-20 financial statements.
25 Jan 22External 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...
19 Jan 22Encouraging collaboration within the current fragmented system is the best way to speed up local audit, says CIPFA chief executive Rob Whiteman.
2 Dec 21Large amounts of government spending are either evaluated poorly or not evaluated at all, according to a critical report from the National Audit Office.
30 Nov 21Fraud and error in pandemic support programmes have led to head of the National Audit Office Gareth Davies qualifying his opinion on the 2020-21 accounts of the Department for Business, Energy and...
26 Nov 21The government has been criticised for lacking information about its pandemic scheme set up to fight youth unemployment, meaning it does not know whether it is having the positive impact it was hoped...
