Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 12
12
Local audit purposes are to establish credibility and supplement information for accountability.
Conclusion
Within the broader rationale for the local authority accounting and audit systems, the purposes of local audit specifically are: • to establish the credibility of the local authority accounts, so that they can fulfil their purposes in supporting local accountability; and • to supplement the local authority accounts with relevant information and conclusions that are needed to fulfil the purposes of the audited accounts, but that are not part of the disclosures in the accounts. (Paragraph 60) The current audit crisis
Government Response
A response document is linked to this report, dated 5 February 2024. Response attribution to this conclusion has not been verified. Read the response document ↗