The Code was last updated in 2020 and sets out how local auditors in England meet their responsibilities under the Local Audit and Accountability Act 2014.

The major changes set out measures to allow auditors to sign off audits in a speedy manner with some limited reductions in reporting requirements for 2022-23 audits.

Local authorities account for a significant amount of public spending, and taxpayers, national bodies and other stakeholders reasonably expect auditors to provide assurance over whether accounts are free from material error, and whether the body in question has proper arrangements in place to manage its business and finances, the NAO said.