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Mr Matt Dean of Grant Thornton presented the
External Audit Fee Letter for 2018/19.
Mr Dean explained that the planned fee for external audit work in
relation to the 2018/19 financial statements audit and value for
money conclusion had been set at £38,866 which represented a
23% decrease from the fee charged in 2017/18. The fee for grant claim certification work had not
yet been set.
Mr Dean informed the Committee that 2017/18 would be
Mr Darren Wells’ final year as Engagement Lead for the
audit. Having worked with Maidstone for
the last seven years, Mr Wells was now required to rotate off the
audit in order to maintain an appropriate degree of
independence. Mr Wells would be
replaced by Ms Elizabeth Jackson, an experienced auditor who had
worked with Maidstone before.
RESOLVED:That the
planned fee of £38,866 for the 2018/19 financial statements
audit and value for money conclusion be noted.