23 External Audit Fee Letter 2017/18 PDF 45 KB
Additional documents:
Minutes:
The
Committee considered the report of the Director of Finance and
Business Improvement setting out details of the proposed external
audit fee for 2017/18. It was noted
that the main audit fee for the financial statements audit and
value for money conclusion had been set at £50,475, which
represented no change from the 2016/17 fee. The fee for grant claim certification work had not
yet been set.
In
response to questions, the Director of Finance and Business
Improvement updated the Committee on the position with regard to
the procurement of a new External Auditor. It was noted that the Council’s current
contract with its External Auditor was due to expire at the end of
2017/18, and the Council would need to appoint a new Auditor before
31 December 2017. The Council had
opted-in to an outsourced procurement process under the aegis of
the Local Government Association. Grant
Thornton had won the biggest of the lots put out to tender, and it
was anticipated that details of specific appointments would be
announced next month.
RESOLVED: That the
proposed audit fee of £50,475 for 2017/18 audit work
(financial statements audit and value for money conclusion), to be
undertaken by Grant Thornton, be noted.