Maggie McGhee, executive director for governance at ACCA, who sat on the advisory committee for the review, said:
‘ACCA welcomes Sir Tony Redmond’s final report and we supported many of its recommendations in our consultation response. We believe these changes would put in place clearer arrangements for the oversight and delivery of local audit.
‘Audit plays a crucial role in showing taxpayers how their money is being spent and making this transparent and accessible to people is key to accountability.
‘We are also pleased to see the recognition that there needs to be a sensible balance between cost-effective services and the quality and time needed for audit firms to do the best possible job.’
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