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Local government.

Grant Thornton recently issued statutory recommendations to Slough Council after finding that:  the finance team had insufficient skills or capacity to produce financial statements or working papers of a reasonable quality; reserves had fallen to an unsustainably low level; and,  the council had inadequate governance arrangements over subsidiary and joint venture companies.  Section 24 of the Local Audit and Accountability Act gives local authority auditors the power to issue written recommendations, which must be published and considered at a public meeting within one month from the da...

Ministry of Housing, Communities & Local Government Government publishes update to audit review response Further measures to help ensure taxpayers get value for money by improving the effectiveness and transparency of local government audit. New powers for Audit, Reporting and Governance Authority on local government audit Public Sector Audit Appointments is reconfirmed as appointing body for audit procurement and contract management Government update addresses all independent recommendations into local audit Further measures to help ensure taxpayers get value for money by improving the ef...

A new regulator to replace the Financial Reporting Council (FRC), overseeing public and private sector auditing practices nationwide will be strengthened with powers over local government audit, the government announced today. The new regulator, the Audit, Reporting and Governance Authority (ARGA), will contain a standalone local audit unit bringing all regulatory functions into one place to coordinate what the government described as a "new, simplified local audit framework". The Ministry of Housing, Communities & Local Government will also set up and chair a liaison committee made up of sen...

Government publishes update to audit review response Further measures to help ensure taxpayers get value for money by improving the effectiveness and transparency of local government audit. From: New powers for Audit, Reporting and Governance Authority on local government audit Public Sector Audit Appointments is reconfirmed as appointing body for audit procurement and contract management Government update addresses all independent recommendations into local audit Further measures to help ensure taxpayers get value for money by improving the effectiveness and transparency of local gove...