Is there scope to disaggregate the audit, with the Commission taking direct responsibility for some more complex aspects?
2.20 ACCA believes that the Commission already provides sufficient guidance on local authority audit and hence it should not be necessary for it to disaggregate the audit, with the Commission taking direct responsibility for some of the more complex aspects of the work. Any registered auditor should be able to undertake local authority audit. Should the Commission decide, however, to disaggregate the audit, we believe that it would be appropriate to split the audit opinion from the challenge work (see paragraph 2.20 below). 2.21 Is it likely to be practical and cost-effective to split the opinion audit and challenge work? 2.22 ACCA does not believe that it would be practical and cost effective to split the audit opinion and challenge work in all cases. There may be a case for splitting the two where a local council’s annual operating income reaches £500,000, as this is the threshold at which local councils come within the Commission’s best value inspectorate regime. Is there a case for
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- Is there scope to disaggregate the audit, with the Commission taking direct responsibility for some more complex aspects?
