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MHCLG plans to simplify local authority financial reporting to resolve audit issues

Conclusion
The Treasury and MHCLG also described other measures that they think will resolve the local authority audit issues. Beyond the backstop and additional funding, MHCLG said it is working to simplify the financial reporting requirements for local authorities, as the current level of complexity is, in MHCLG’s view, a barrier to the local authority audit market working effectively. It expects simplified audit requirements to stimulate additional supply of auditors.29
Government Response

A response document is linked to this report, dated 16 May 2025. Response attribution to this conclusion has not been verified. Read the response document.

Addressee Bodies
HM Treasury
Timeline
Recommendation age 1.5 yrs
Report published 19 Mar 2025