Alison Ring FCA, director for public sector at ICAEW, believes that the Redmond Review provides an opportunity to fix the real issue with local authority accounts, which is that few people read them.
Much of the commentary about the Redmond Review has quite rightly focused on what it means for the local audit market, and especially its call for a new regulator to oversee local audits.
With a number of audit firms considering withdrawing from the local audit market, the need to increase the pool of auditors without exorbitant fee rises is high on many finance officers’ priorities. For audit firms, greater regulation and a gradual loss of expertise is putting pressure on costs, jeopardising the viability of their practices.
...The CFO is in a key position to help deliver an organisation’s strategic objectives. But this is a complex journey. Nathan Elvery provides some directions to help chart a course.
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Croydon is the latest local authority to issue a section 114 notice. Experts Dan Bates and Christian Wall look at the trends underlying the council’s woes.
MPs on the Public Accounts Committee say the running of the Towns Fund is opaque and “not impartial” . With a bulging kitty of £3.6bn the government’s Towns Fund—a project[…]
As Croydon grapples with a section 114 notice Richard Harbord looks at the issues underlying the council’s troubles. The London Borough of Croydon has become the big news story in[…]
The Financial Reporting Council has delivered its verdict on council audits but, writes Stephen Sheen, it falls short of recognising the “unique nature of local authority accounts”. Although the Financial[…]
Investors are increasingly focused on using their assets to aid the battle against global warming, and the LGPS is no exception. In a recent development, the Northern LGPS pool signed[…]
William Bourne argues there is an “irreconcilable conflict” between, on one hand, the increasing popularity of passive funds and, on the other, sustainable investment. Over the last 20 years the[…]
Sponsored article: Investors who manage physical climate risk and grasp the opportunities are likely to be the most secure, writes Ian Simm. Reflecting on the recent Climate Week 2020, I’m[…]
