IRRV Alert - week ending 23rd April 2021
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Amendments to local audit fee setting arrangements (20 April 2021)
Open consultation
Amendments to local audit fee setting arrangements
From:
Ministry of Housing, Communities & Local Government
Published:
20 April 2021
Applies to:
England
Summary
The consultation seeks views on proposals to give the appointing person for principal bodies more flexibility on audit fee arrangement.
This consultation closes at
11:45pm on 1 June 2021
Consultation description
In the government response to the Redmond Review, ministers committed to take swift action to support market stability, and to review and reform regulations to provide the appointing person with greater flexibility to ensure the costs to audit firms of additional work are met.
This consultation seeks views on proposed changes to the Local Audit (Appointing Person) regulations 2015 that will give effect to the proposals based on Redmond’s recommendation, and provide the appointing person for principal bodies (Public Sector Audit Appointments Ltd) with greater flexibility on audit fee setting and fee variations.
Documents
Redmond Review response - Changes to the Local Audit (Appointing Person) Regulations 2015
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Published 20 April 2021