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Council Asset Valuation Audits – Successfully Navigating An Annual Review

11th February 2020 by wilkshead

Each financial year it seems that the external audit process is becoming increasingly laborious. This is primarily down to increases in the requirements set to external auditors by the financial reporting council (FRC) resulting in the need to review expert opinions in far more detail than was the case in the past. This has led to some new challenges for Local Authorities who are experiencing additional benchmarking resulting in a more rigorous and thorough audit process.