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The government is to consider changes to the prudential framework covering local authority finances to prevent a repeat of the controversy over Peterborough City Council’s use of capital receipts. In[…]
The complexity of the audit framework and fragmented responsibility for oversight are at the root of delays to the signing-off of last year’s accounts, says Paul Dossett. The audit profession[…]
The pressure has been on external auditors this Summer. The first year of the new Public Sector Audit Appointments (PSAA) contracts, with fees cut by 23%, reshuffled appointments, and firms[…]
The Chartered Institute of Public Finance and Accountancy (CIPFA) has urged councils to ensure that they have the right procedures in place to protect against sophisticated financial crime. Last month,[…]
Auditors scrutinising local authority accounts and the body responsible for appointing them have come under fire after new figures showed 40% of audit opinions missed the target date of 31[…]
Auditors have issued a qualified adverse opinion on Reading Borough Council’s 2016/17 accounts – almost two years late due to a litany of problems. In a stinging assessment, audit firm[…]
Warrington Borough Council has been warned that its approach to calculating its minimum revenue provision (MRP) could present a threat to delivery of its medium term financial plan (MTFP). The[…]
Auditors have issued an adverse audit report for Redditch Borough Council, telling the council it needs to save £1.5m over the next three years and is at risk of breaching[…]
Delays to the publication of 16 councils’ accounts due to auditor staff shortages has borne out warnings the Local Government Association (LGA) made to the government in 2014 about curtailing[…]
The Chartered Institute of Public Finance and Accountancy is seeking to identify the barriers to the public accessing and understanding local authority accounts. The body has launched a consultation in[…]
