current versions of PSIAS and related guidance

Public Sector Internal Audit Standards (PSIAS) 2012

These standards, which are based on the mandatory elements of the International Professional Practices Framework (IPPF) of The Institute of Internal Auditors (IIA), are intended to promote further improvement in the professionalism, quality, consistency and effectiveness of internal audit across the public sector.

The Relevant Internal Audit Standards Setters have adopted these standards from 1 April 2013, on advice of the UK Public Sector Internal Audit Standards Advisory Board (IASAB).

Frequently asked questions responses issued in 2014

Frequently asked questions responses issued in 2013

During the 2012 consultation on the draft UK Public Sector Internal Audit Standards (PSIAS), the UK Public Sector Internal Audit Standards Advisory Board (IASAB) compiled a list of Frequently Asked Questions, which is available free to download.

In addition, IASAB compiled a Feedback Report on its 2012 Consultation. This feedback can be viewed on the Archived Consultations and Other Announcements webpage.

Local government application note 2013

As the Relevant Internal Audit Standards Setter for local government, CIPFA has stated that, from 1 April 2013, the Public Sector Internal Audit Standards 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 Office of the Police and Crime Commissioner, and 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 an Application Note to provide that guidance.

Transitional arrangements on quality

The introduction of the PSIAS in April 2013 means that a proportion of the UK public sector was adopting the International Standards for the Professional Practice of Internal Auditing for the first time, with the requirement for the external quality assessment (EQA) at least every five years.

In addition, the PSIAS includes a Public Sector Requirement to make a statement in the annual internal audit report on the extent to which the internal audit activity conforms with the PSIAS. That report in many cases is a public report and therefore a particularly high profile requirement.

The IASAB have now issued guidance on the transitional arrangements for organisations who are adopting the PSIAS for the first time, as well as for those who already had the EQA requirement.

Other guidance will be posted here as it becomes available.