Issue - meetings

This report sets out the Council’s External Auditor’s core fee of £160,000 for the audit of the Council’s 2019/20 financial statements. These fees are agreed by Public Sector Audit Appointments Ltd (PSAA).

The report also sets out the Council’s fees likely to be charged for other (grant certification) work completed by the External Auditor, £34,000.  These fees are not agreed by PSAA and are a negotiated process between the Council and the provider.   The Council can choose provider although the provider must be accredited to do such work.

Total External Audit Fees for 2019/20 are therefore likely to be £194,000.

The Head of Audit and Management Assurance presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'J' to these Minutes in the Minute Book.

The report set out details of the External Auditor’s proposed annual fee for 2019/20 as set out in the letter attached to this report. It reported a core fee of £160,000 for the audit of the Council’s 2019/20 financial statements as agreed by Public Sector Audit Appointments Ltd (PSAA) and fees likely to be charged for other (grant certification) work completed by the External Auditor amounting in total for 2019/20 to £194,000.

RESOLVED

That the External Auditor’s proposed annual fee for 2019/20 as set out in the letter attached to this report be noted.

Voting: Unanimous