Consultation on allocation of £15 million to local bodies for audit
The consultation seeks views on how to most fairly allocate the £15 million provided to affected principal bodies.
To support implementation of the Redmond review recommendations, MHCLG is providing principal local government bodies with £15 million in additional funding in 2021/22. This is intended to support affected local bodies to meet the anticipated rise in fees for 2020/21 audits, driven by new requirements on auditors, including the National Audit Office’s Code of Audit Practice 2020, and to enable local authorities to develop standardised statements of service information and costs.
This short consultation seeks views from stakeholders on how best to allocate this money to principal bodies. The objective is to use a funding methodology that most accurately and fairly reflects the anticipated additional costs to individual local bodies.