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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 ....
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. ....
The government will not immediately back a key recommendation of the Redmond review that a single body should be created to manage and regulate local authority audit, it announced this afternoon. The Ministry of Housing, Communities & Local Government said the recommendation of Sir Tony Redmond in his review of council audit clashed with its intention not to create new arms-length bodies and that it did not with to “recreate” the Audit Commission. It will examine whether an existing body working in the field can take on a system leadership role. However extra money to support local authority audit was announced in communities secretary Robert Jenrick s government’s response to Sir Tony’s review of the effectiveness of local authority audit published in September. ....