Reflecting its role in managing and safeguarding public money in the form of fees charged to audited bodies, PSAA intends to meet the highest standards of transparency. As such it intends to follow the principles of the Local Government Transparency Code.
PSAA adheres to the following areas of the Transparency Code:
- Expenditure exceeding £500 (see Transparency Code paragraphs 28-29)
- Procurement information (see Transparency Code paragraphs 31-32)
- Organisation chart (see Transparency Code paragraph 44)
- Senior salaries (see Transparency Code paragraphs 48-49)
- Constitution (see Transparency Code paragraph 50)
- Pay multiple (see Transparency Code paragraphs 51-52)
Expenditure exceeding £500
PSAA publishes, not less than quarterly and not later than one month after the quarter to which the data and information is applicable, details of each individual item of expenditure that exceeds £500. This includes items of expenditure such as:
- individual invoices;
- expense payments;
- payments for goods and services;
- credit notes over £500; and
- transactions with other public bodies.
PSAA publishes, not less than quarterly and not later than one month after the quarter to which the data and information is applicable, details of:
- every invitation to tender for contracts to provide goods and/or services with a value that exceeds £5,000; and
- any contract, commissioned activity, purchase order, framework agreement and any other legally enforceable agreement with a value that exceeds £5,000.
PSAA will publish annually:
- an organisation chart covering staff in the top three levels of the organisation (excluding staff whose salary does not exceed £50,000);
- the number of employees whose remuneration in that year was at least £50,000, in brackets of £5,000, and details of remuneration and job title of certain senior employees whose salary is at least £50,000;
- a list of responsibilities and ‘benefits-in-kind’, for all employees whose salary exceeds £50,000; and
- the pay multiple, defined as the ratio between the highest paid taxable earnings for the given year (including base salary, variable pay, bonuses, allowances and the cash value of any benefits-in-kind) and the median earnings figure of the whole of the company’s workforce.
For 2015/16 salary information, please see the renumeration report on pages 16-17 of PSAA’s annual report and accounts.