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Public Sector Internal Audit Standards (PSIAS) 2017

These standards, which are based on the mandatory elements of the International Professional Practices Framework (IPPF) of the Global Institute of Internal Auditors (IIA), are intended to promote further improvement in the professionalism, quality, consistency and effectiveness of internal audit across the public sector. The Relevant Internal Audit Standards Setters have adopted this third edition of the PSIAS from 1 April 2017, on advice of the UK Public Sector Internal Audit Standards Advisory Board (IASAB).

Frequently asked questions responses issued in 2013

During the 2012 consultation on the draft UK Public Sector Internal Audit Standards (PSIAS), the UK Public Sector Internal Audit Standards Advisory Board (IASAB) compiled a list of frequently asked questions, which is available free to download.

In addition, IASAB compiled a Feedback Report on its 2012 consultation. This feedback can be viewed on the Archived Consultations and Other Announcements webpage.

Local Government Application Note 2013

As the Relevant Internal Audit Standards Setter for local government, CIPFA has stated that, from 1 April 2013, the Public Sector Internal Audit Standards are mandatory for:

  • all principal local authorities and other relevant bodies subject to:
    • the Accounts and Audit (England) Regulations 2011
    • the Accounts and Audit (Wales) (Amended) Regulations 2010
    • Section 95 of the Local Government (Scotland) Act 1973; and
    • Section 54 of the Local Government Act (Northern Ireland) 1972.
  • offices of the police and crime commissioner, and constabularies, fire authorities, national park authorities, joint committees and joint boards in the United Kingdom.

The PSIAS are new and complex, and CIPFA recognises the need to provide guidance for the bodies set out above in applying them, and has produced a Local Government Application Note for the UK Public Sector Internal Audit Standards to provide that guidance.

Guidance on internal audit’s role in counter fraud

Ensuring that an organisation has adequate counter fraud and anti-corruption arrangements is one of the requisites for good governance, particularly in a public sector body where there are responsibilities for the stewardship of public money. Like other aspects of governance, the responsibility for ensuring there are adequate arrangements lie with the Board and those charged with governance. The Public Sector Internal Audit Standards (PSIAS) highlight the role of internal audit in providing assurance on counter fraud and counter fraud related advisory and consultancy work.

The aim of this guidance is to support the application of the standards in practice and reference useful resources.

Download the Guidance on Internal Audit's Role in Counter Fraud

QAIP and multi-client service providers

Issues specific to multi-client service providers are not addressed in detail in international guidance, which tends to set out requirements within the “norm” of a single client and single (in-house) provider. However, the position in the UK public sector is that multi-client service providers are more common than they are internationally. In fact, in many parts of the public sector, such arrangements are the norm rather than the exception and multi-client audit services can range in scale from a unit which provides services to two similar, perhaps even related bodies, through large consortia and smaller companies to the large multi-national professional services firms.

This guidance has been written in response to practitioner concerns, with input from client representative members of the IASAB, and focuses on the self-assessment process and external quality assessment.

Download Guidance on QAIP and multi-client service providers (PDF, 52 KB)

Resource management

This guidance has been developed primarily to assist chief audit executives (CAEs) in assessing and communicating the resources required to deliver a plan and provide sufficient evidence-based engagement conclusions and/or opinions to support the annual internal audit opinion. It may also be of interest to those who consider the audit plan (eg senior management and the audit committee), to help them understand the factors that are considered in determining the required resources.

Download Guidance on resource management (PDF, 107 KB)

Other guidance will be posted here as it becomes available.

 
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