IRRV Alert - week ending 30th July 2021
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Consultation on allocation of £15 million to local bodies for audit (28 July 2021)
Consultation outcome
Consultation on allocation of £15 million to local bodies for audit
- From:
- Ministry of Housing, Communities & Local Government
- Published
- 20 April 2021
- Last updated
- 29 July 2021 — See all updates
- Applies to:
- England
This consultation has concluded
Download the full outcome
Government response to the consultation on changes to the audit fees methodology for allocating £15 million to local bodies
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Technical note
PDF, 832KB, 16 pages
Detail of outcome
To support implementation of the Redmond Review recommendations the Ministry of Housing, Communities and Local Government committed to provide principal local government bodies with £15 million in additional funding in 2021/22.
From 20 April to 18 May 2021 the government sought views from stakeholders on how best to allocate this funding to principal bodies. This publication sets out the government’s response to the consultation and next steps.
Original consultation
Summary
The consultation seeks views on how to most fairly allocate the £15 million provided to affected principal bodies.
This consultation ran from
20 April 2021 to 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
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Published 20 April 2021
Last updated 29 July 2021 + show all updates