Public Audit Forum designated SORP-making body
News types: Codes and Standards Announcements
Published: 21 June 2016
The Financial Reporting Council (FRC) has designated the Public Audit Forum as the SORP-making body for the revision of Practice Note 10 (Revised): Audit of financial statements of public sector bodies in the United Kingdom. This is in accordance with the FRC’s Policy on Developing Statements of Recommended Practice.
The Public Audit Forum has now commenced a three month public consultation on the revised document, which can be found at: http://www.public-audit-forum.org.uk/publications/, and which closes on 23 September.