We understand the significant challenges that local authorities face in respect of their financial management and audit obligations, as set out in the Local Audit and Accountability Act 2014.
Difficulties can develop if a local auditor considers that a “public interest report” (PIR) should be made on any matter coming to their attention during the audit. In these situations, it is crucial for Finance Directors and CFOs to seek early advice in order to ensure accurate representations are made on their behalf, and on behalf of the local authority and councillors.
Where serious failings are alleged to have taken place resulting in a PIR, the Finance Director or CFO may also face a referral to their regulatory body and a potential disciplinary investigation.
We have significant experience in representing local authority Finance Directors and CFOs in relation to preparing representations supporting their position during the PIR report preparation process, and also in disciplinary investigations arising out of adverse conclusions made in PIRs. We provide detailed advice and support at each step in the process, to seek to mitigate any professional or reputational damage.
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