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 effectiveness and transparency of local government audit, were announced by the government today (19 May 2021).
The Audit, Reporting and Governance Authority (ARGA) – the new regulator being established to replace the Financial Reporting Council (FRC) – will be strengthened with new powers over local government audit, protecting public funds and ensuring councils are best serving taxpaye
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 senior stakeholders across the sector that will oversee the governance of the new audit arrangements and ensure they are operating effectively.
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 government audit, were announced by the government today (19 May 2021).
The Audit, Reporting and Governance Authority (ARGA) – the new regulator being established to replace the Financial Reporting Council (FRC) – will be strengthened with new powers over local government audit, protecting public funds and ensuring councils are best serving taxpayers.
Mazars says the termination settlement paid to York’s former chief executive was “arguably unlawful”, while also criticising how the council dealt with conflicts of interest.
Mazars recently issued a public interest report on payments made by the City of York Council on the termination of employment of its former chief executive, raising concerns about governance, conflicts of interest, record keeping and a failure to follow due process. York held a public meeting on 4 May 2021 to discuss the findings of the report and to agree actions to implement its recommendations.
The Local Audit and Accountability Act 2014 requires external auditors in England to issue a formal public interest report when they identify significant matters during the course of an audit that they believe should be brought to the attention of the public body concerned and to the public. Public interest reports are submitted to the Secretary of State for Housing, Communities and Local Gove
Members of the Conservative party claim the borough council’s net debt stands at £83 million, which has appeared in Facebook adverts and leaflets for UllaKarin Clark, their candidate for Emmbrook. The material states: “The independent auditor [Ernst & Young] says our net debt is £83 million against £1.3 billion in assets. Do you believe them or the Liberal Democrats trying to win your vote?” Ernst & Young [EY] are the council’s officially appointed auditors. The Liberal Democrats claim that EY have not endorsed the £83 million in net debt figure, and have therefore called on the Conservatives to apologise and remove the adverts. Senior Liberal Democrat Councillor Clive Jones said: “The Conservatives should apologise for seriously misleading the public with this false statement.