Audit Commission outlines audit fee increases; health organisations and trusts to see fee freeze
Audit fees will climb by 6% for councils, fire and police next year due to international accounting rules, according to the latest rates from the Audit Commission.
While health organizations, probation boards and trusts will see fees stay the same, the other bodies will face the hike due to the move because of their move to international financial reporting standards. The commission said it would subsidise the one-off costs arising from the move.
"It’s good to be able to announce that for many organisations audit costs will go down next year, and costs won’t increase for most bodies," said Audit Commission chief executive Steve Bundred.
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