Amendments to local audit fee setting arrangements
Applies to England
Read the full outcome
Detail of outcome
In the response to the Redmond Review, the government committed 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.
From 20 April to 1 June 2021 we sought views from stakeholders on proposed changes to the Local Audit (Appointing Person) Regulations 2015. This publication sets out the government’s response to the consultation, and next steps.
Original consultation
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
Updates to this page
Last updated 28 July 2021 + show all updates
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Added summary of responses and government response to the consultation.
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First published.