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1132005

registered interest
date	13/06/2019
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Local Government: Audit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the implications for his policies of the failure of EY to complete local authority audits within the required time limits.
tabling member constituency	Sheffield South East
tabling member printed	Mr Clive Betts
uin	264322
answer	answer is ministerial correction date of answer 18/06/2019 answer text <p>We are aware of this issue, affecting 19 local government bodies and, together with Public Sector Audit Appointments Ltd, are monitoring the situation. It is not acceptable for a professional services firm like EY to be unable to meet its contractual obligations to the statutory timetable and we expect the situation to be resolved as quickly as possible.</p><p>The forthcoming review of the local audit regime will consider the implications of our audit policy, including the timeliness of audit completion.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 18/06/2019 13:27:52 answering member 4483 label Biography information for Rishi Sunak
tabling member	394 label Biography information for Mr Clive Betts

1121597

registered interest
date	11/04/2019
answering body	Ministry of Housing, Communities and Local Government
answering dept id	7
answering dept short name	Housing, Communities and Local Government
answering dept sort name	Housing, Communities and Local Government
hansard heading	Local Government: Audit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what rules apply to the setting of a level of materiality in local authority audits; who enforces those rules; and whether a level of materiality in excess of ten per cent of a council’s annual turnover is unusual.
tabling member printed	Lord Lucas
uin	HL15248
answer	answer is ministerial correction date of answer 24/04/2019 answer text <p>Local authority auditors are required to comply with International Auditing Standards (IAS) when they set materiality thresholds for local authority audits. IAS 320 states that the auditor's determination of materiality is a matter of professional judgement and it explains that misstatements, including omissions, are considered to be material if they, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements</p><p><br> It is not our role to make a judgement on whether the materiality level set by an auditor is unusual or not. However, when setting the materiality level, the auditor should ensure their judgement is justified transparently including a demonstration of how they have designed their audit work to suit the structure and operations of local authorities</p><p><br> If a person wants to make a complaint about the work of an auditor, in the first instance they should complain directly to the senior audit partner using the firm's complaint processes. Auditors are obligated to consider all complaints. Following that, if the complaint is not resolved, further escalation can be made to the auditor's Responsible Supervisory Body (RSB).</p> answering member printed Lord Bourne of Aberystwyth question first answered 24/04/2019 12:43:29 answering member 4282 label Biography information for Lord Bourne of Aberystwyth
tabling member	1879 label Biography information for Lord Lucas

63101

registered interest
date	23/06/2014
answering body	Department for Communities and Local Government
answering dept id	7
answering dept short name	Communities and Local Government
answering dept sort name	Communities and Local Government
hansard heading	Local Government: Audit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what local authority studies corresponding to those previously undertaken by the Audit Commission are planned for 2014–15.
tabling member printed	Lord Christopher
uin	HL510
answer	answer is ministerial correction date of answer 01/07/2014 answer text <p> </p><p>The Commission will produce its final report under Section 33 of the Audit Commission Act 1998 in October 2014: Protecting the Public Purse 2014. The Comptroller and Auditor General was given new powers on 9 April 2014 to carry out examinations into the economy, efficiency and effectiveness with which relevant local authorities have used their resources in discharging their functions, under section 35 of the Local Audit and Accountability Act 2014.</p><p> </p> answering member printed Baroness Stowell of Beeston question first answered 01/07/2014 14:49:25 answering member 4205 label Biography information for Baroness Stowell of Beeston
tabling member	3395 label Biography information for Lord Christopher