The FRC is the incoming shadow system leader for local audit in England, working with partners to support a strong, well-functioning local audit system.
System partners agree that delays to local audits must be addressed through a coordinated effort. The proposed measures are subject to three consultations.
The FRC is leading work to implement an early warning system to mitigate the risk of the backlog in local audit recurring.
The FRC will report annually on the local audit system, including on timeliness, the findings of local audit, emerging trends, and the local audit market.
The FRC is preparing a workforce strategy to address capacity and capability issues in the local audit sector.