How are audit fee levels set for each individual body?

PSAA must follow the requirements of the Local Audit (Appointing Person) Regulations 2015.

The information we use to set the scale fees includes the previous year’s fees, fee variations that relate to recurrent requirements, and any new audit requirements.

PSAA consults annually on the scale fees. Individual scale fees are published on this website each year once the fee scale is confirmed by our Board following consultation.

We continue to pool scheme costs and charge fees to audited bodies in accordance with our published fee scale as amended following consultations with scheme members and other interested parties. Pooling means that everyone in the scheme accesses the rates secured via our large-scale competitive procurement process, a key tenet of the national collective scheme.

Additional fees (fee variations) are part of the legal framework. They occur if auditors are required to do substantially more or less work than anticipated, for example if local circumstances or the Code of Audit Practice change or if the Regulator (the FRC) increases its requirements on auditors. Our fee variations process ensures that fees for additional work are robustly assessed. Additional fees cannot be invoiced until we determine them.