The Audit Commission is to be split into two - one stand-alone audit company to bid for contracts against other market players and a residual body to oversee contracts and appointments.
MPs today asked the government to help the Audit Commission’s audit practice establish itself as a stand-alone company and compete in the public sector audit market.
Local Government Secretary Eric Pickles has defended his decision to abolish the Audit Commission to Public Finance and pledged that fees will not rise under the new auditing regime.
Audit staff at the Audit Commission are poised to launch a joint business venture and bid for work against other private firms, Public Finance has learnt.
Work carried out by the Audit Commission's in-house audit practice is likely to be outsourced to the private sector from 2012/13, councils have been told today.
The government today appointed the financial consulting firm FTI to advise on disbanding the Audit Commission and transferring its audit practice out of the public sector.
A local government think-tank has called for citizens to be given a leading role in the audit regime that follows the abolition of the Audit Commission
Costs of local authority audit could rise if government plans to abolish the Audit Commission go ahead unchanged, CIPFA chief executive Steve Freer has told MPs
Abolishing the Audit Commission will save less than £10m a year, a fifth of the amount claimed by government, the spending watchdog's chiefs have told MPs
The future of local government audit has been thrown into disarray after it emerged that the Audit Commission is likely to remain open well beyond its planned abolition in 2012.
Plans to mutualise the Audit Commission's in-house audit practice are at risk of stalling because of waning support from government, Public Finance has learnt
The government is reconsidering its commitment to allow councils to choose their own auditors, Public Accounts Committee chair Margaret Hodge has told Public Finance.
The government will review local government finance 'this time next year', Local Government Secretary Eric Pickles told an influential group of MPs this week.
The local government secretary’s decision to transfer the Audit Commission’s value-for-money work to the National Audit Office was ‘taken in haste’ and not thought through, local government select...
The government has announced plans to put more private sector representatives on the board of the Audit Commission as the regulator prepares to transfer out of public ownership
The Audit Commission has appointed its local government chief Gareth Davies to oversee a bid to transform the watchdog into an employee-owned co-operative or mutual
So farewell then Audit Commission and hello amateur bean counters. David Walker takes a look at the coalition's plans for 'super audit' - and wonders if they're outside most people's comfort zone
The decision to scrap the Audit Commission was a 'logical' step in the coalition's agenda and should not have come as a shock to anyone, local government minister Bob Neill has told Public Finance
