Mazars, the international audit, tax and advisory firm, has been awarded the contract to provide audit services for local government, police and fire bodies in England by Public Sector Audit Appointments Ltd (PSAA). The contract period runs for five years, covering the financial years 2023/24 to 2027/28.
Mazars is one of the six external audit firms awarded new contracts by PSAA, and the award has seen the firm grow its share of this market to 22.5% of eligible opted-in bodies against a backdrop of challenging conditions in the local audit market. This proportion has increased from 18% during the previous PSAA contract period demonstrating Mazars’ continued growth and commitment to providing high quality local audit to support the sector.
Mazars’ growth in external audit is complemented by services in internal audit, advisory and tax, providing wraparound services for central and local government, charities, health, education, housing and bodies. With a team of over 200 public services experts across the UK, the team is designed to deliver solutions which build business resilience, create efficient operations and unlock strategic development.
We are delighted with the outcome of the PSAA procurement exercise, which will see us continue to serve as one of the leading providers external audit services across the English local government sector Peter Cudlip Partner & Chair UK Governance Council
“The public sector is facing a difficult period ahead, as the economy looks both to reset post-Covid and address resource challenges in providing essential services to our local communities. Our dedicated public and social sector audit team is committed to supporting the sector in the long term and delivering social value, driving resilience, and transforming the sector through audit, innovation and partnership. The PSAA contract gives our team the platform to continue its growth across England at all levels of seniority, including increasing apprenticeships for school leavers and. We also look forward to playing our part in supporting the future sustainability of the local audit regime.
“The local audit market has had turbulent few years. High quality financial reporting and audit is critical to the proper functioning of local government and we’re committed to working with all stakeholders; including the FRC-appointed Director of Local Audit; to find solutions to all of these challenges”.
Mazars’ dedicated public and social sector audit team comprises professionals experienced in auditing councils, combined authorities, police bodies, fire and rescue authorities, local government pension funds and other public bodies. In addition to its audit contract with PSAA, Mazars provides services to Audit Scotland and has a substantial portfolio of NHS audits. It is one of the National Audit Office’s framework suppliers for central government audit in England and Scotland.