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The Local Audit and Accountability Act 2014 provides the Comptroller and Auditor General with the power to issue guidance to auditors which may explain or supplement the provisions of the Code of Audit Practice. The Act requires auditors to have regard to such guidance. The new Code of Audit Practice came into force on 1 […]

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June 10, 2020

The Local Audit and Accountability Act 2014 provides the Comptroller and Auditor General with the power to issue guidance to auditors which may explain or supplement the provisions of the Code of Audit Practice. The Act requires auditors to have regard to such guidance.

The new Code of Audit Practice came into force on 1 April 2020, after being approved by Parliament.  It was developed following a consultation process in 2019. The most significant changes to the new Code are in relation to auditors’ work on value for money arrangements. We have decided to consult on the detailed statutory guidance that will support auditors to deliver work under the new Code.

The consultation

This consultation seeks views on the guidance to support auditors’ work on value for money arrangements.

The guidance will apply to audits of 2020-21 accounts onwards. 

How to respond

We have provided:

When answering the consultation questions, it would be very helpful if you could also provide additional explanation and detail where appropriate, to understand the basis for your comments.

You do not need to respond to all the consultation questions set out in this document; we welcome brief or partial responses addressing only those issues where you wish to put forward a view. If there are further observations you would like to make in addition to the questions included in this consultation, however, feel free to include these in your response.

Email your response to LACG@nao.org.uk.

Timetable

The deadline for responding is 5pm on 2 September 2020.

We will analyse all consultation responses received and consider what changes are required to the draft guidance.  During this period, we will continue to work with stakeholders to develop the supporting information referred to in the draft guidance.