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CIPFA and ICAEW call for the full application of IFRS 9 to pooled investments as soon as possible to improve the transparency of reporting.

Delays in publishing the Whole of Government Accounts make it even more difficult for the government to have a clear understanding of the UK’s fiscal position as it embarks on major tax and spending changes that will reshape the public finances.

ICAEW’s response to the Public Audit Forum’s consultation calls for Practice Note 10 to provide guidance to ensure that public sector audit focuses on areas of operational risk for public sector bodies.

Responsibility of lenders and local authorities to combat the high levels of public money lost to fraudsters and recover COVID-19 grants obtained fraudulently, BEIS says.

The Public Audit Forum is consulting on a proposed amended version of Practice Note 10, which provides guidance to auditors of UK public sector bodies.