Work on VFM arrangements comprises two elements:
- the core work to consider the arrangements in place included in the scale fee. The auditor needed to do it to be able to come to the binary conclusion that was in place up to 2019/20; and
- the additional work required to produce the commentary, which is a Code of Audit Practice requirement from 2020/21 and is included in the scale fee from 2023/24.
The VFM arrangements commentary fee variation in the statement may be higher than determined for other audit years. This is due to the fee variation also including the scale fee element for core VFM work. The only fees for these bodies are the VFM arrangements related fees and the fees for issuing a disclaimer opinion, i.e. no separate scale fee charge (please note that we will separately assess fees in relation to audit work in response to elector queries and objections).