Issue - meetings
LBTH Tower Hamlets - Annual Audit Fee 2009/10
Meeting: 29/06/2009 - Audit Committee (Item 8)
8 LBTH - Annual Audit Fee 2009/10 PDF 31 KB
Minutes:
Mr Jon Hayes (District Auditor, Audit Commission) presented the report of the Audit Commission confirming the work they proposed to undertake for the 2009/10 financial year at the Authority.
The Committee considered a summary of the total indicative fee for the audit for 2009/10.
Councillor Haque queried the rise in fees baring in mind the Authority was now a four star Authority. Councillor Eaton requested that the rise in fees on the financial statements be discussed.
In reply, Mr Hayes reported that the level of fee was shaped by a number of factors including the requirements within the International Financial Reporting Standards and the current economic climate.
Mr Hayes also reported that the criteria was by and large guided by the scales of fees set by the Audit Commission. The fee for 2009/10 was 9% below the scale. The figures for 2009/10 were indicative at present.
Finally it was RESOLVED that the report be noted.
ACTION BY: John Hayes (District Auditor, Audit Commission)