Preparing for the council tax: lessons from community charge

Article Abstract:

Auditors who have spent considerable resources to ensure the security and efficiency of community charge systems are not viewing the impending implementation of the council tax with welcome relief. The Audit Panel of the Chartered Institute of Public Finance and Accountancy has formed a project team to assist auditors in the implementation of council tax. This project team hopes to provide advice through seminars and publications. Some key lessons to be learned from the community charge includes giving attention to staffing resources and information technology acquisition to facilitate audit participation early in the implementation of council tax.

Planning, Local taxation, Auditors, Tax auditing, Tax audits

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APB announces new types of audit advice

Article Abstract:

The Auditing Practices Board (APB) has decided to revise the old Accounting Standards Committee's Audit Standards and Guidelines by adding two new accounting requirements: the Statements of Auditing Standards (SAS) and Practice Notes (PN). While SAS will be a compulsory requirement to state auditing procedures, PN, which will explain new accounting issues, will not be obligatory. The APB will announce the new set of SASs when the updating of guidelines is finished.

Laws, regulations and rules, Auditing, Auditing Practices Committee

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