IRRV Alert - week ending 11th September 2020
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Reports
Local authority financial reporting and external audit: independent review (8 September 2020)
Independent report
Local authority financial reporting and external audit: independent review
Independent review by Sir Tony Redmond into the effectiveness of external audit and transparency of financial reporting in local authorities.
Published 8 September 2020
From:
Ministry of Housing, Communities & Local Government
Applies to:
England
Documents
Independent review into the oversight of local audit and the transparency of local authority financial reporting
PDF, 1000KB, 85 pages
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Annex 1: What are auditors required to do?
PDF, 195KB, 4 pages
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Annex 2: Roles and duties of statutory officers
PDF, 138KB, 2 pages
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Annex 3: Functions of the Office of Local Audit Regulation
PDF, 127KB, 3 pages
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Annex 4a: Illustrative simplified financial statement - district council
PDF, 412KB, 11 pages
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Annex 4b: Illustrative simplified financial statement - fire and rescue authority
PDF, 262KB, 7 pages
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Annex 4c: Illustrative simplified financial statement - police and crime commissioner
PDF, 245KB, 7 pages
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Annex 4d: Illustrative simplified financial statement - unitary authority
PDF, 357KB, 13 pages
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Annex 5: Potential impact of recommendations made by other reviews of audit
PDF, 116KB, 7 pages
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Annex 6: Approach of other state auditors to performance audit
PDF, 198KB, 4 pages
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Annex 7: Terms of reference
PDF, 94.5KB, 3 pages
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Annex 8: Call for views respondents
PDF, 138KB, 2 pages
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Details
This independent review, led by Sir Tony Redmond at the invitation of the Ministry of Housing, Communities and Local Government, considered the effectiveness of external audit and transparency of financial reporting in local authorities.
The final report makes a number of recommendations in relation to:
- external audit regulation
- smaller authorities audit regulation
- financial resilience of local authorities
- transparency of financial reporting
Alongside the report, we have published a number of annexes intended to further inform the reader.
Published 8 September 2020