Appointment of External Auditors
October 18, 2021 Audit, Risk and Governance Committee (Committee) Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Audit, Risk and Governance Committee decided to recommend to Full Council that Lancashire County Council opt into Public Sector Audit Appointments Limited to act as the appointing person for external auditors. This decision was made on 18/10/2021. The council will benefit from PSAA's experience in appointing auditors, managing contracts, and setting audit fees.
Full council record
Purpose
Following the abolition of the Audit Commission, the council took advantage of the national collective scheme administered by Public Sector Public Sector Audit Appointments Limited (PSAA) for the appointment of external auditors for the five consecutive financial years commencing 1 April 2018. It covers the audits of accounts for the financial years 2018/19 to 2022/23.
The second appointing period is likely to span the five consecutive financial years commencing 1 April 2023. It will cover the audits of accounts for the financial years 2023/24 to 2027/28.
The council will need to consider the options available and put in place arrangements to appoint an external auditor by 31 December 2022.
Supporting Documents
Details
| Outcome | For Determination |
| Decision date | 18 Oct 2021 |