The Redmond Review has made a series of recommendations for improving local government audit. Stephen Sheen argues it leaves many questions unaswered.
The report of the Redmond Review into the Oversight of Local Audit and the Transparency of Local Authority Financial Reporting was published on 8 September.
Its headline proposal is for the creation of a new regulator, the Office of Local Audit and Regulation to oversee local audit work, which will undertake the registering firms, the award and management of contracts and review of auditor performance. The involvement of PSAA, ICAEW, the FRC and the NAO in the framework would come to an end.
There are proposals for strengthening governance arrangements, including exten
...The finance function must be “fit for purpose” in a crisis. Nathan Elvery explores the elements that will ensure it delivers when the going gets tough.
When it comes to medium term financial planning, Tracy Bingham observes the only thing that is certain is that there’ll be uncertainty. But that’s no reason to avoid preparing.
Modern slavery has recently made news headlines, but what actions can treasurers take to guard against this abhorrent crime? Peter Hugh Smith writes that both investors and fund managers have a role to play.
Sponsored article: Dan Farrell examines the advantages of sustainability in fixed income Sustainable investing and bond portfolios make for a good marriage since risk is a focus of both. Bonds[…]
David Chefneux looks at the impact of the pandemic on the cash and liquidity position of councils. Data released by MHCLG recently, provides another useful insight on borrowing and lending[…]
The Institute for Fiscal Studies says local government in England still needs an extra £2bn to see it through the pandemic. One way of dealing with financial needs, it argues,[…]
The summer is nearly over. David Green writes that treasurers can look forward to a conclusion on the PWLB consultation, government action on commerical investments, the impact of negative interest[…]
CIPFA has argued for the Prudential Code to be placed on a statutory footing. Rob Whiteman explains why it is necessary as a measure to “prohibit borrowing for yield” on[…]
A white paper on devolution and the potential reconfiguration of local government in England is on the way. Paul Dossett explores the risks and opportunities. While the local government sector[…]
