The Government has proposed a ‘system reset’ to resolve the crisis in local audit.
Local government minister Lee Rowley said statutory deadlines would be announced in the autumn in a bid to tackle the backlog of unaudited accounts dating back up to seven years.
He told the Levelling Up, Housing and Communities Committee: ‘The point is to baseline this and move on.’
Mr Rowley said talks with the local government and audit sectors were under way and will be concluded in the summer.
He continued: ‘It’s possible that there will be qualifications and disclaimers that are required for earlier accounts which haven’t been signed off.
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