External auditing arrangements of smaller authorities in England

Lakoma, K ORCID: https://orcid.org/0000-0002-2583-3813, Murphy, P ORCID: https://orcid.org/0000-0001-8459-4448 and Toothill, A, 2024. External auditing arrangements of smaller authorities in England. International Journal of Auditing, 28 (4), pp. 792-805. ISSN 1090-6738

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Abstract

Less complex entities (LCEs) make a critical contribution to the public, private and voluntary sectors in England and internationally and account for the great majority of all local public audits. Recently, the role and objectives of financial reporting and external auditing in England have been subject to unprecedented criticism through a number of independent national reports. This paper discusses the auditing arrangements for LCEs in the public sector in England by examining the evidence generated by the local public audit review by Sir Tony Redmond. It discusses implications for the local public audit regime and considers whether the existing and proposed accountability and transparency arrangements are compatible with the new International Standard on Auditing (ISA) for LCEs. It contributes to the limited research on the new ISA for LCEs by investigating the differences and similarities between the new ISA for LCEs and the emerging auditing standards for English LCEs.

Item Type:	Journal article
Publication Title:	International Journal of Auditing
Creators:	Lakoma, K., Murphy, P. and Toothill, A.
Publisher:	Wiley
Date:	28 June 2024
Volume:	28
Number:	4
ISSN:	1090-6738
Identifiers:	Number Type 10.1111/ijau.12360 DOI 1909946 Other
Rights:	This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Divisions:	Schools > Nottingham Business School
Record created by:	Melissa Cornwell
Date Added:	02 Jul 2024 09:43
Last Modified:	03 Oct 2024 10:27
URI:	https://irep.ntu.ac.uk/id/eprint/51666

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