Robust and effective member led corporate governance and risk management arrangements will be essential if local authorities are to successfully manage the challenges of the current Spending Review period.
Increased scrutiny from stakeholders means a greater requirement for transparent reporting. In addition, greater assurance will be required that local authorities are delivering value for money services, maximising use of resources, have appropriate strategies for managing change, and are managing financial risks and opportunities to secure a stable financial position.
Grant Thornton is a leading provider of tax, advisory and assurance services in the public sector and has a long-standing reputation in the local government market. This includes being the largest provider of local government external audit services across the UK.