Agenda item

PSAA Report

Minutes:

The Chairman welcomed Steve Freer and Tony Crawley, PSAA’s Chair and Chief Executive, to the Board for a discussion which addressed the company's operational role as the transitional body responsible for local auditor appointments, and the implementation of a national "appointing person" scheme as the sector-led body for auditor appointments.

 

Tony Crawley outlined that the PSAA Board recently received the final report from Cardiff Business School following their independent ‘Lessons Learned review of their work to design and implement the Appointing Person scheme which will support in giving a steer to implement recommendations to achieve a more outward looking engagement with CFO’s.

 

Steve explained that that the recently published “Kingman report” focussed on the future of the Financial Reporting Council but also referred to local public audit.   Noted that the Chairman of the LGA had written to Sir John Kingman and the Secretary of State for BEIS raising our concerns about flaws and inaccuracies in the report. 

 

There was agreement that the IDeA Board need to engage with MHCLG to discuss further the scope of the audit and to use the opportunity of the forthcoming review of the Code presented. 

 

The Chairman thanked the PSAA’s Chair and Chief Executive for updating the Board.

 

Decision:

 

The Board

  • Noted the review of performance from the Chair and Chief Executive of PSAA.

 

  • Noted the key developments within PSAA including:

- the finalisation of the transitional body role;

- the consolidation of its role as appointing person, including the increased emphasison audit quality;

- the implementation of the new staffing structure within PSAA; and

- the further development of the Local Audit Quality Forum.

  

  • Noted the findings from the recent lessons learned review

 

  • Noted the reports that reference local audit from the NAO and Sir John Kingman.

 

Supporting documents: