Public sector assurance

PricewaterhouseCoopers has over 25 years’ experience in providing audit and assurance services to the public sector. We audit 15% of local government and health bodies, and in central government have framework contracts with the National Audit Office to deliver financial and value for money audits. We also have a significant number of clients in the education, housing and voluntary sectors.

To support our client work, we play a key role on public sector technical committees and contribute to the development of accounting and auditing in the sectors in which we work. In Internal Audit, we have a track record of successful partnerships with consortia and internal audit teams. Our risk management services provide assurance that systems are operating effectively, within a well-controlled environment.

We are experienced in the development of non-financial reporting, helping our clients respond to the drive for better governance and sustainability. We also offer due diligence services, reviewing bodies prior to a change in status, or working on their behalf to investigate or review contractor issues.

Potential issues

• Auditing or independent review of externally reported financial and other information
• Complying with regulations and audit committee or corporate governance requirements
• The need for an increased awareness of prospective accounting and regulatory changes
• A need for risk assurance services
• Advice on risk management and process management
• Ensuring that internal audit functions are effective and, where needed, supplementing in-house teams with specialist skills and resources
• Achieving efficiency and value for money, both internally and from external partners
• Carrying out due diligence reviews internally or of contractors

PwC services

• Statutory audit and specified procedures reviews
• Assurance on compliance with regulations or with corporate governance requirements
• Internal audit outsourcing, partnership arrangements and advisory services
• Risk management consulting
• Risk assurance services
• Value for money reviews
• Due diligence reviews of public sector bodies or their contractors
• Advising on accounting treatments in respect of complex transactions
• Providing newsletters and tailored advice and training on accounting and corporate governance developments