Local audit framework replacing the Audit Commission
This is a collection of documents about the new local audit framework that starts on 1 April 2015.
A new local audit framework (processes and procedures) will be put in place following the Audit Commission closure on 31 March 2015. This is a collection of documents relating to the change.
The new framework covers:
- the new transitional body, Public Sector Audit Appointments Ltd, will take on the existing audit contracts until they expire, in 2017
- the National Audit Office will set the standards for public audit
- the Financial Reporting Council and professional accountancy bodies will monitor the quality of audit
- the Cabinet Office will assume responsibility for the National Fraud Initiative
- new, mandatory transparency requirements for the smallest councils
Local Audit and Accountability Bill
A plain English guide to the main measures in the Local Audit and Accountability Bill and an impact assessment of the costs and savings associated with the reforms to local audit.
Changes to the smaller authorities’ local audit and accountability framework guide
This guide sets out the changes to smaller authorities in 2 stages, from April 2015 after the closure of the Audit Commission and from April 2017 with the introduction of the local auditor appointment.
Transparency code for smaller authorities
Under the new audit framework, smaller authorities with an annual turnover not exceeding £25,000 will be exempt from routine external audit. This document explains the new transparency requirements that these smaller authorities will be subject to in place of routine audit.
Local audit regulations consultation
This consultation sought views about the Local Audit and Accountability Act. It includes the original consultation, the summary of responses, and the government response.
Draft Local Audit Bill consultation
This consultation contains the Draft Local Audit Bill and the summary of consultation responses.