PSAA’s methodology for calculating the value of fee variations uses a rate card, with hourly rates for different levels of audit staff.
Rate card for 2023/24 audits
The rates in the table below applies to the audits from 2023/24.
| Grade of Staff | Hourly Rate |
|---|---|
| Partner/Director | £414 |
| Senior Manager/Manager | £228 |
| Senior Auditor | £148 |
| Other Staff | £113 |
Rate card for 2020/21 to 2022/23 audits
The Redmond Report documented significant challenges in local government auditing, acknowledging that the market is fragile and lacks resilience and highlighting issues in relation to the adequacy and sustainability of audit fees.
The Department for Levelling Up Housing and Communities is implementing a range of measures to address the recommendations. Against this backcloth we consulted on an increase of 25% on the relevant hourly rates for fee variations for audits from 2020/21, and implemented the proposal in line with the consultation responses.
The rates in the table below apply to the audits of 2020/21, 2021/22 and 2022/23.
| Grade of Staff | Hourly Rate |
|---|---|
| Partner/Director | £165 |
| Senior Manager/Manager | £91 |
| Senior Auditor | £59 |
| Other Staff | £45 |
Rate card for 2018/19 and 2019/20 audits
The rates in the table below apply to the audits of 2018/19 and 2019/20.
| Grade of Staff | Hourly Rate |
|---|---|
| Partner/Director | £132 |
| Senior Manager/Manager | £73 |
| Senior Auditor | £47 |
| Other Staff | £36 |