PSAA uses supplementary procurement to appoint final auditors
Public Sector Audit Appointments (PSAA) has secured 96.5% of the capacity required to appoint auditors to government bodies that have opted into the national scheme.
Source: icaew.com
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Local audit reform absent from Queen's Speech
Ongoing uncertainty over the government’s intentions for the future of the local audit system could exacerbate the current crisis as the procurement deadline approaches.
Source: icaew.com
Central government annual reporting updates for 2021/22
Parliament is looking for a quick return to pre-COVID reporting practices while simultaneously demanding more information on some of the remaining issues.
Source: icaew.com
A year of transition: 5 major trends for 2022
ICAEW Chief Executive Michael Izza and subject matter experts from around the organisation discuss the major trends we should see in 2022.
Source: icaew.com
Public debt at highest level for almost 60 years
While November’s deficit of £17.4bn is in line with expectations, public sector net debt is up by more than half a trillion pounds since the start of the pandemic and as a proportion of GDP, debt is the highest it has been since March 1963.
Source: icaew.com