Respect between officers and elected members and reinvigorated local audit, transparency and data can reduce failure, writes the chief executive of the
ICAEW’s Public Sector and Taxation Director Alison Ring says the annual report and accounts should be the foundation for local authority finance communication.
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.
Councils will be required to have an audit committee with an independent member as part of the new system for regulating audit. The government yesterday