Following the independent Redmond Review of local authority financial reporting and external audit the UK government has launched a technical consultation on proposals to introduce the recommendations and is seeking your views.
The proposals include:
- Strengthening the ways that the findings of audit are used by local bodies, including proposals for the inclusion of independent members on local audit committees
- Ensuring the supply of appropriately experienced and qualified local authority auditors, including amending guidance related to Key Audit Partners
- Consider the functioning of local audit for smaller bodies, including whether the threshold for smaller bodies is set at the right level
It is important that members take this opportunity to have their views presented to government and we would ask that you send your feedback to Crispin Taylor PSLCC, SLCC National Finance and VAT Advisor, email@example.com, by Friday 10 September 2021.