NHS Audit Market Study

Published: 25 July 2024

Response deadline: 17 October 2024

Consultation document
Links to PDFs open in new tabs
Title NHS Audit Market Study launch Invitation to comment
Format pdf, 232.7 KB

Overview

This FRC market study will focus on how well the UK NHS audit market is functioning, including the demand for audit, unique features of the regulatory framework and barriers to entry and expansion. This market study will look at the impact on NHS providers, Integrated Care Boards, stakeholders, and the wider audit market.

The closing date for responses was 17 October 2024.

Supporting documents

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Name NHS Audit Market Study launch information sheet
Publication date 25 July 2024
Type Information sheet
Format PDF, 1.5 MB

Emerging findings

The FRC has published initial feedback on its market study into the audit market for NHS providers and Integrated Care Boards (ICBs). The report outlines feedback received to the FRC’s Invitation to Comment, our survey of NHS bodies, and extensive engagement with NHS bodies, audit firms and other system stakeholders. The emerging findings also provide market data on audit fees paid by NHS providers, audit firm engagements across the sector, and the timeliness of audits being delivered.

The FRC invites stakeholders to provide further input, responding to the questions set out in the emerging findings by emailing [email protected] by 6 February 2025.

Report

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Name NHS Audit Market Study - Emerging Findings
Publication date 12 December 2024
Type Report
Format PDF, 982.0 KB

Consultation responses

Responses received
Links to PDFs open in new tabs
Title CIPFA response to NHS Audit Market Study ITC
Format pdf, 388.6 KB
Title CIPFA response to NHS Audit Market Study ITC
Format pdf, 388.6 KB
Title David Gilburt - Liverpool University Hospitals NHS Foundation Trust, Audit Committee Chair response to NHS Audit Market Study ITC
Format pdf, 279.9 KB
Title David Gilburt - Liverpool University Hospitals NHS Foundation Trust, Audit Committee Chair response to NHS Audit Market Study ITC
Format pdf, 279.9 KB
Title Deloitte response to NHS Audit Market Study ITC
Format pdf, 407.8 KB
Title Deloitte response to NHS Audit Market Study ITC
Format pdf, 407.8 KB
Title EY response to NHS Audit Market Study ITC
Format pdf, 578.2 KB
Title EY response to NHS Audit Market Study ITC
Format pdf, 578.2 KB
Title Forvis Mazars response to NHS Audit Market Study ITC
Format pdf, 159.4 KB
Title Forvis Mazars response to NHS Audit Market Study ITC
Format pdf, 159.4 KB
Title Grant Thornton response to NHS Audit Market Study ITC
Format pdf, 833.8 KB
Title Grant Thornton response to NHS Audit Market Study ITC
Format pdf, 833.8 KB
Title HFMA response to NHS Audit Market Study ITC
Format pdf, 522.5 KB
Title HFMA response to NHS Audit Market Study ITC
Format pdf, 522.5 KB
Title ICAEW response to NHS Audit Market Study ITC
Format pdf, 323.3 KB
Title ICAEW response to NHS Audit Market Study ITC
Format pdf, 323.3 KB
Title KPMG response to NHS Audit Market Study ITC
Format pdf, 290.7 KB
Title KPMG response to NHS Audit Market Study ITC
Format pdf, 290.7 KB

Consultation status: closed