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2013 sees the introduction of the new United Kingdom Public Sector Internal Audit Standards (PSIAS) that will apply across the whole of the public sector. They are new and complex, and CIPFA recognises the need to provide guidance and so has produced this Application Note.
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2013 sees the introduction of the new United Kingdom Public Sector Internal Audit Standards (PSIAS) that will apply across the whole of the public sector. The PSIAS are based on the IIA Standards, with a limited number of additional requirements and interpretations that allow the PSIAS to be adapted for the public sector.
The PSIAS replace the Code of Practice for Internal Audit in Local Government in the United Kingdom, last revised in 2006. In local government, the PSIAS are mandatory for all principal local authorities and other relevant bodies subject to the Accounts and Audit (England) Regulations 2011, the Accounts and Audit (Wales) (Amended) Regulations 2010, Section 95 of the Local Government (Scotland) Act 1973, and Section 54 of the Local Government Act (Northern Ireland) 1972. The PSIAS are also mandatory for the Office of the Police and Crime Commissioner, constabularies, fire authorities, national park authorities, joint committees and joint boards in the United Kingdom.
The PSIAS are new and complex, and CIPFA recognises the need to provide guidance for the bodies set out above in applying them, and has produced this Application Note to provide that guidance.
This Application Note is aimed at those who play a part in shaping or managing the internal audit function within their organisations, including:
The Application Note includes the authoritative checklist for measuring the performance of internal audit against the PSIAS as part of the quality assurance and improvement programme. The checklist can be used by chief audit executives/heads of internal audit or by those carrying out a review of internal audit for both the internal and external assessments required in Standards 1300-1322.
Previously, the Application Note was simply guidance and referred to as such. However, after discussion with DCLG with regards to what constitutes ‘proper practices’ in internal control as per the Accounts & Audit Regulations 2011, the status has altered so that ‘proper practices’ for UK local government is the PSIAS plus the Local Government Application Note. Therefore, the mandatory sectoral requirements for local authorities are the PSIAS as well as this Application Note and the content of both documents must be followed in order to satisfy proper internal audit practices.
This publication is also available as a bookmarked PDF and as a CD-ROM, which contains a pdf of the publication, together with fully searchable text enabling users to search powerfully and accurately for any given word or phrase. It also contains a MS Word file of the checklist that can be modified to meet your requirements, and a pdf of the Public Sector Internal Audit Standards. The CD-ROM comes complete with a licence for networking to all bona fide employees of the purchasing local authority only. Details of licensing arrangements for other categories of purchaser, which includes those organisations operating shared service arrangements, are available from CIPFA’s Publications Department at firstname.lastname@example.org
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Local Government Application Note for the United Kingdom Public Sector Internal Audit Standards
Public Sector Internal Audit Standards
Accounting and Auditing Standards: A Public Services Perspective (2013 Edition)