Consultation outcome
We are grateful for all the responses to our consultation on the fee scale, which have provided very helpful feedback on our proposals.
We understand the concerns and issues raised in the consultation. Many are complex and typically extend beyond PSAA’s own remit. PSAA has highlighted the need for urgent action to reform the local audit system in England, in response to the pressures and market fragility experienced in recent years. In our view radical changes are needed in the local audit system to achieve a more proportionate audit and a more sustainable audit system. We will continue in our determination to seek action on these issues with government and key stakeholders.
Following careful consideration, the Board has set the 2022/23 fee scale on the basis of the proposals set out in the consultation and the level of broad support in consultation responses.