KPMG was awarded a £223m public sector contract even after Rachel Reeves pledged to reduce the spending on consultants to plug the gap in government finances
Birmingham Council and Grant Thornton have been told to answer for the ‘fiasco’ of a financial situation which led the council to file a section 114 notice in 2023
Local authorities have been given less than five months to get auditor sign-off for the devastating backlog of 80% of 2022-23 audits as government takes swift action to get on top of unacceptable backlog
The International Auditing and Assurance Standards Board (IAASB) is planning significant changes to strengthen the standard on auditors’ responsibilities relating to fraud
The government is taking radical action to introduce a final cut-off date this September to get rid of the ‘unacceptable’ backlog of late local authority audits
Only a small number of local government and NHS audits has been analysed by the audit regulator this year after ‘unacceptable delays’ in filing completed audit reports
The Levelling Up, Housing and Communities (LUHC) Committee has launched an inquiry into financial reporting and audit in local authorities as the majority of audits are filed late and more councils declare financial failings
The latest report into local government finance by the National Audit Office (NAO) warns that many local authorities face significant funding gaps and the financial outlook for the sector is 'concerning'
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