Contents
Report 7 of the 15 June 2007 meeting of the Corporate Governance Committee and presents the Audit Commissions submitted final external audit plan for 2007/08.
Warning: This is archived material and may be out of date. The Metropolitan Police Authority has been replaced by the Mayor's Office for Policing and Crime (MOPC).
See the MOPC website for further information.
External audit plan 2007/08
Report: 7
Date: 15 June 2007
By: Treasurer
Summary
The Audit Commission has submitted the final external audit plan for 2007/08.
A. Recommendation
That
- the Audit Plan be received; and
- the 2006/07 audit fees be approved.
B. Supporting information
1. The Audit Commission’s final Audit Plan is brought to this committee for formal approval, a copy of which is attached at Appendix 1. The Audit Commission has consulted with the Commissioner and his management team on the Plan.
Audit fees
2. The Audit Commission has now notified that their audit fee will be increasing from £510,000 (£529,700 in 2006/07) a decrease of £19,700.
3. Notification has also been received that the Audit Commission will again be charging for grant claim verification work, as this is no longer required by the Home Office. This fee was £26,000 in 2005/06.
4. Charges for external audit work associated with the Whole of Government Accounts and work to support the auditor’s judgement on the Police Use of Resources Evaluation has been included within the fee estimate.
C. Race and equality impact
There are no direct implications on equalities and diversity arising from this report.
D. Financial implications
None arising directly from this report. The 2007/08 audit fee can be met from within existing MPA budget estimates.
E. Background papers
- Audit Plan 2007/08
F. Contact details
Report author: Ken Hunt, Treasurer, MPA.
For information contact:
MPA general: 020 7202 0202
Media enquiries: 020 7202 0217/18
Supporting material
- Appendix 1 [PDF]
Audit Plan 07
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