Skip to Main Content

Audit debacle: do LAO reforms tackle the roots of the crisis?

(Shutterstock)

With the government’s local audit reform consultation wrapped up, many in the sector have welcomed the creation of the Local Audit Office (LAO) but questioned whether its focus is tackling the right issues.

Please subscribe or upgrade your membership. To continue reading this article please sign in below or subscribe to our site.

Subscribe

Published just after the first backstop date for clearing the backlog in local authority accounts, the government set out its much-overdue consultation on overhauling

Backstop dates and disclaimers, the appearance of the asset ceiling, local government reorganisation, simplification of accounts. Stephen Sheen assesses an eventful 2024 in the world of audit and accounts, and looks at what might happen next.

(Shutterstock)