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The Chartered Institute of Public Finance and Accountancy (CIPFA) has welcomed the Local Audit Bill ad Hoc Committee’s report on the Draft Local Audit Bill.
The Committee’s report underlines the concern expressed by CIPFA in its evidence that the draft Bill does not adequately safeguard the unique characteristics of public audit including value for money and the independence of auditors from those being audited.
Public audit is a critical element of strong Public Financial Management (PFM), alongside the ability to compare the performance of public bodies. Previously the Audit Commission facilitated comparison of this data, the report highlights some of CIPFA’s concerns that this may not continue following the Commission’s abolition.
The report also recommends that a central procurement capacity should be retained. CIPFA believes this recommendation deserves further consideration as this was one of the primary concerns that originally drove the creation of the Audit Commission.
Ian Carruthers, CIPFA’s Director of Policy and Technical, commented,
“The Bill Committee has raised a number of important concerns about the draft Local Audit Bill which reinforce those previously raised by CIPFA. We urge the Government to consider these issues seriously and work with us to address them.”
Contact: Matthew Patterson
CIPFA Press Office
t 0207 543 5600
Notes to Editors: