New Code of Audit Practice

NALC were pleased this week to be briefed by the National Audit Office (NAO) on the new Code of Audit Practice, which has been laid in Parliament. They are hopeful that the revised Code’s emphasis on proportionality and the expectation of better communication around objection work might help address some of the concerns that smaller councils, in particular, have raised with NALC, and which they have raised with the NAO and through the Redmond Review. The new Code comes into force on 1 April 2020 and will apply from audits of local bodies’ 2020/21 financial statements onwards. The link to read more details is available below:

https://www.nao.org.uk/code-audit-practice/code-of-audit-practice-consultation/?utm_source=Members&utm_campaign=fdf08ef6fc-EMAIL_CAMPAIGN_2018_06_08_03_15_COPY_01&utm_medium=email&utm_term=0_206970988f-fdf08ef6fc-327836217&mc_cid=fdf08ef6fc&mc_eid=9629be3d36

Posted Wednesday, 15th July 2020