After the decision to abolish the Audit Commission last year, the government are currently drafting the legislation for a new local public audit regime. According to an article on the website of the Institute of Chartered Accountants for England and Wales (ICAEW) this could mean increased opportunity for professional auditors in the public sector.
The institute is one of the bodies contributing recommendations to the Department for Communities and Local Government and are hosting a meeting with the department on Jan 31st. With this in mind the ICAEW encourages professional accountants and auditors to get in touch with their views on how public money should be scrutinised. The article explains that ‘the new regulatory regime as part of the overall framework is based on the existing private sector Companies Act model.’ The first draft of the legislation should be available in the Spring. For your chance to contribute as a finance professional read the article at http://www.ion.icaew.com/MoorgatePlace/23767
No comments:
Post a Comment