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
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ICAEW: "insufficient" fraud prevention for COVID-19 grants
ICAEW calls for the government to learn from COVID-19 business support grants by investing in BEIS’s counter-fraud capability and addressing the assurance gap in grants distributed through local authorities.
Source: icaew.com
Funding concerns over new Public Sector Fraud Authority
A new Public Sector Fraud Authority was announced in the Spring Statement, but will the £24.7m funding increase over three years be enough to tackle the billions of pounds lost each year to fraud?
Source: icaew.com
ICAEW supports Audit Wales' plans following consultation
Responding to the consultation on the Auditor General for Wales’ work programme ICAEW urges Audit Wales to drive improvements in public sector financial management.
Source: icaew.com
ICAEW welcomes Key Audit Partner eligibility guidance changes
Proposed changes to local audit statutory guidance to make Key Audit Partner eligibility criteria less restrictive have been welcomed by ICAEW, which also calls for a more radical approach to improve capacity in England’s local audit market.
Source: icaew.com