Public Audit Forum designated SORP-making body
News types: Codes and Standards Announcements
Published: 21 June 2016
The Financial Reporting Council (FRC) has designated the Public Audit Forum as the SORP-making body for the revision of Practice Note 10 (Revised): Audit of financial statements of public sector bodies in the United Kingdom
. This is in accordance with the FRC’s Policy on Developing Statements of Recommended Practice.
The Public Audit Forum has now commenced a three month public consultation on the revised document, which can be found at: http://www.public-audit-forum.org.uk/publications/, and which closes on 23 September.