The HFMA’s response to the National Audit Office’s consultation on Auditor Guidance Note 3

Lisa Robertson

10 September 2020


The HFMA has responded to the NAO consultation on the draft text of the auditor guidance that supports auditors to deliver the value for money (VFM) work under the new Code of Audit Practice. 

The new Code of Audit Practice came into force on 1 April 2020, with the most significant changes to the new Code in relation to auditors’ work on value for money arrangements (VFM). The National Audit Office has asked for views on the draft text of the auditor guidance that supports auditors to deliver the VFM work under the new Code. 

The HFMA’s response welcomes the proposed new approach to assessing and reporting on VFM, which we hope will maximise the impact of local audit work. 
 

The HFMA’s response to the National Audit Office’s consultation on Auditor Guidance Note 3

September 2020 (PDF 329KB)

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