Call for new public sector audit body
Released 08 September 2020
An independent inquiry into public sector auditing has recommended a shake-up of the sector, with a new regulatory body to oversee local authority audit and the introduction of a standardised statement of services and costs.
Sir Tony Redmond’s review into the effectiveness of external audit and transparency of financial reporting in local authorities was set up in June 2020 and has now published its final report.
Further information, including a link to the review, can be found at https://www.gov.uk/government/publications/local-authority-financial-reporting-and-external-audit-independent-review.