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<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>
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