Yes. The scale fee covers the expected recurring audit work based on the information available when fees are set. Fee variations may still be required where additional work is needed because of specific local circumstances, new issues arising during the audit, or where the actual audit work is substantially more or less than envisaged when the scale fee was determined. The impact of IFRS 16 (Leases) and ISA (UK) 600 (Group Audits) is not currently included because the level of additional audit work remains highly dependent on individual bodies’ circumstances. Work to rebuild assurance is also excluded from the scale fee and will continue to be considered through fee variation arrangements.
