Audit fee scale (November 2024)
PSAA will consult on the proposed audit fee scale for 2024/25 audits in September 2024 and publish the final fee scale by 30 November 2024.
The fee scale will apply for the audit work to be undertaken by appointed auditors on the 2024/25 financial statements at relevant principal authorities that have opted into PSAA’s national auditor appointment arrangements for the period 2023/24 to 2027/28.
Auditors undertake their work under the requirements of the Code of Audit Practice and supporting guidance published by the National Audit Office on behalf of the Comptroller and Auditor General, the financial reporting requirements set out in the Code of Practice on Local Authority Accounting published by CIPFA/LASAAC, and the professional standards applicable to auditors’ work.
Under local audit regulations the 2024/25 fee scale must be published before 1 December 2024 and cannot be amended after that date. We will assess any subsequent changes in national requirements or local circumstances relating to the 2024/25 audits as fee variations.
The 2024/25 directory of auditors and scale fees for opted-in bodies will be issued by the end of November 2024.
Consultation summary
PSAA will consult on the proposed fee scale for 2024/25 audits in September 2024.
The consultation will invite comments on PSAA’s proposals for setting the fee scale for 2024/25 audits of opted-in bodies.
We are required under local audit regulations to consult on and set the 2024/25 fee scale before 1 December 2024. Audit work under this fee scale is likely from March 2025 to February 2026 under the dates proposed in a statement on the local audit backlog published by the Ministry of Housing, Communities and Local Government (MHCLG) in July 2024.