IRRV Alert - week ending 23rd April 2021
News
Circulars
Consultations
Reports
Consultation on allocation of £15 million to local bodies for audit (20 April 2021)
Open consultation
Consultation on allocation of £15 million to local bodies for audit
From:
Ministry of Housing, Communities & Local Government
Published:
20 April 2021
Applies to:
England
Summary
The consultation seeks views on how to most fairly allocate the £15 million provided to affected principal bodies.
This consultation closes at
11:45pm on 18 May 2021
Consultation description
To support implementation of the Redmond review recommendations, MHCLG is providing principal local government bodies with £15 million in additional funding in 2021/22. This is intended to support affected local bodies to meet the anticipated rise in fees for 2020/21 audits, driven by new requirements on auditors, including the National Audit Office’s Code of Audit Practice 2020, and to enable local authorities to develop standardised statements of service information and costs.
This short consultation seeks views from stakeholders on how best to allocate this money to principal bodies. The objective is to use a funding methodology that most accurately and fairly reflects the anticipated additional costs to individual local bodies.
Documents
Redmond Review response - Changes to the audit fees methodology for allocating £15 million to local bodies
HTML
Ways to respond
Share this page
Published 20 April 2021