How COVID grant-making drove councils' fraud vulnerabilities
Starved of counter-fraud funding for a decade, local councils were left dangerously exposed to financial wrongdoing at the height of the pandemic, says new report.
Source: icaew.com
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FRC introduces revised Key Audit Partner eligibility guidance
ICAEW expresses disappointment at missed opportunity for reforms to Key Audit Partner eligibility guidance to enable broader access for audit firms to the NHS and local authority audit markets.
Source: icaew.com
ICAEW: more powers needed to improve local authority reporting
ICAEW’s response to a CIPFA LASAAC consultation has called for the local audit system leader to take a ‘whole system’ approach to resolve infrastructure reporting issues.
Source: icaew.com
Committee slams health department for lax financial management
The Department for Health has £4bn of PPE in storage that will never be used, Public Accounts Committee report finds.
Source: icaew.com
CIPFA for independent local authority audit committee members
New guidance issued by CIPFA recommends that local authority and police audit committees include at least two independent members.
Source: icaew.com