Government responds to consultation on Local Audit Reform

In its response to the consultation launched on 16 December 2024 on the Local Audit Reform Strategy, the Government has outlined a commitment to separate pension fund accounts from administering authority main accounts. This is a welcome proposal which has been recommended by the Board for some time.

The Board has established an audit working group, under its Compliance and Reporting Committee, which will discuss the implications of this change and MHCLG’s timeline to amend the necessary legislation and develop any additional guidance on the separate preparation and publication of pension fund accounts.