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Stephen Sheen: the year ahead for accounts and audit

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Backstop dates and disclaimers, the appearance of the asset ceiling, local government reorganisation, simplification of accounts. Stephen Sheen assesses an eventful 2024 in the world of audit and accounts, and looks at what might happen next.

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It’s a bit late to be doing a look back at the accounts and audit events of 2024 and some crystal ball gazing for

The government has set out 16 commitments to fix the “fragmented and broken” local audit system – with up to £49m in funding to support local authorities in clearing the backlog.

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