Thursday, 10 April 2014

New Local Audit Arrangements


 Published 3rd April 2014 by SLCC

The Government has announced that the Local Government Association (LGA) and Chartered Institute of Public Finance and Accountancy (CIPFA) will take on some of the roles currently held by the Audit Commission when it is abolished next year. 


An independent company overseen by the LGA will take on transitional responsibilities for the Audit Commission contracts ahead of new rules requiring the local appointment of auditors (including those for local councils) which come into force in 2017. CIPFA, in an ongoing role, will develop the Audit Commission's counter-fraud measures in a new national Counter Fraud Centre. 

More information can be found here

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