considered a report on the External Audit Plan 2020/21.
independent external auditors, Ernst Young had submitted their
Audit Plan report for year ending 31st March 2022,
attached as appendix 1. The report
outlined their proposed approach to planning and delivering their
audit and the fees for 2020/21 financial year.
The audit fee for
2020/21 was set by the Public Sector Audit Appointments Board
(PSAA) as £39,362 and is in line with the approved
budget. In addition, Ernst Young are
proposing a further scale fee of £27,400 which is the same as
the supplementary scale fee they have submitted for approval to the
PSAA for 2019/20. Other fees for
2020/21 are yet to be determined, Ernst Young have also indicated
that there will be additional costs involved in the 2021/21 audit
which were highlighted in paragraph 3.4 of the report.
representative for Ernst and Young, presented their Audit Plan
report for 2020/21 and responded to points of clarification, within
the report, from Committee Members. The
Corporate Director – Finance and Resources also responded to
questions from Committee Members related to the final fee for
2019/20 and the audit timeline.
RESOLVED: That the
the external auditor’s Audit Plan for 2020/21.