The Department for Communities and Local Government has today updated councils on plans to transfer the Audit Commission's in-house practice into the private sector. Commenting on the announcement, CIPFA's Director of Policy and Technical, Ian Carruthers, said:
"Today's announcement on the transfer of Audit Commission’s in-house audit practice brings some clarity over the timing for the process. But it underlines the complexity of winding down the Audit Commission and leaves a number of significant questions unanswered.
“The timetable is certainly challenging, both for the Audit Commission to manage an outsourcing project of this magnitude and for the market to respond adequately. It is crucial that the new arrangements offer good value for money at a time when public finances are stretched. CIPFA is also concerned that the skills and experience of the current audit staff, many of whom are our members, are not lost.”
Contact: Lindsay Machin / Chloe Forbes
CIPFA Press Office
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CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by our in-house CIPFA Education and Training Centre as well as other places of learning around the world. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. They include information and guidance, courses and conferences, property and asset management solutions, consultancy and interim people for a range of public sector clients. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services.