In the public sector, statutory auditing is broader in scope than in the private sector. It often encompasses work on a client’s arrangements for achieving value for money, as well as other areas specific to different types of public body.
PricewaterhouseCoopers has over 25 years’ experience as auditors in the public sector. We have framework contracts with the National Audit Office (NAO), Audit Scotland and Audit Wales, and have worked with the Audit Commission as auditors of local authorities since 1983 and health bodies since 1990. With more than 150 audit appointments in England and Wales, we are the largest private sector provider of audit services to local government and the NHS, and also provide technical support to the Commission and its auditors.
PwC is also a leading provider of central government audit, education audit, not for profit audit and housing audit services.
Potential issues
- A need for audit or independent review of externally reported financial and other information
- Compliance with regulations and audit committee or corporate governance requirements
- A need for advice on controls and processing system deficiencies and weaknesses
- Confirmation of accounting treatments in respect of complex transactions
- A need for greater awareness of prospective accounting and regulatory changes
PwC services
- Statutory audit or specified procedures reviews
- Assurance on compliance with regulations or with corporate governance requirements
- Advising on controls and processing system deficiencies and weaknesses
- Advising on accounting treatments in respect of complex transactions
- Providing newsletters or tailored advice and training on accounting and corporate governance developments
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