External Audit is responsible for forming an independent opinion on the College’s accounts and other Financial Statements which are to be laid before the Governing Body

External Audit is responsible for forming an independent opinion on the College’s accounts and other Financial Statements which are to be laid before the Governing Body. The annual External Audit report will state whether, in the opinion of the External Audit Service Provider, the Financial Statements give a true and fair view of the financial position of the College. In order to provide this assurance, the External Audit Service Provider will carry out whatever examination of the statements, and their underlying records and control systems, is necessary to reach its opinion on the statements.

The external audit service is currently provided by PwC and has been since the last tender exercise. The current external auditors are TIAA. The Welsh Government Audit Code of Practice prevents the same firm providing both services.