The proximity of the backstop dates for the up to 2022/23 and 2023/24 audits means that we will receive fee variation proposals for over 700 audits in a short period. We expect it will take us several months to process them and we are working to ensure we do so thoroughly, effectively and efficiently.
The firms are submitting these fee variation proposals as and when they are ready to do so. We are therefore dependant on them providing these proposals, and appropriate supporting information, to allow us to complete our work.