She said: “We agree with the Committee’s conclusion that the government has not acted with “sufficient urgency” to address the crisis in local audit.
“The government must publish detailed plans to fix this crisis as soon as possible, to give confidence to firms bidding for future audits and to ensure that measures to boost market capacity can be successful.
“For local authorities to be an effective delivery partner for key government priorities including levelling up and achieving net zero, as well as to continue to deliver essential services, it’s vital that the government addresses the issues with governance, reporting and audit, and ends the financial uncertainty that has been facing the sector for many years.”
ICAEW provided evidence to support PAC’s inquiry
The PSAA opens the procurement for the next five-year appointing period, from 2023, next week.