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Report 7 of the 19 Mar 02 meeting of the Audit Panel and discusses the external audit plan 2001/02.

Warning: This is archived material and may be out of date. The Metropolitan Police Authority has been replaced by the Mayor's Office for Policing and Crime (MOPC).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 – audit plan 2001/02

Report: 7
Date: 19 March 2001
By: Treasurer

Summary

This report presents the external audit plan for 2001/02 and seeks approval to pay fees of £520,000.

A. Recommendations

  1. the Audit Panel is asked to approve the proposed external audit programme for 2001/02 and the fees of £520,000

B. Supporting information

1. The document prepared by District Audit at Appendix 1 sets out the external audit plan for the 2001/2002 audit. Kash Pandya, the District Auditor, will present the programme to the Panel.

2. The appendix also includes details of the proposed audit fee totalling £520,000. This is based on the fee for 2000/01 (£500,000) justification for which is reported separately on this agenda and the external auditor’s view that the assessment of risk has not materially changed. £20,000 has been added for inflation.

3. The proposed programme and fees have been discussed with myself and the Director of Resources who has conveyed the views of the MPS Management Board to District Audit.

C. Financial implications

1. Budget provision of £500,000 has been made at November 2001 prices, and an allocation of £20,000 will be made from the non-pay central inflation provision. 

D. Background papers

None.

E. Contact details

Report author: Peter Martin, Treasurer, MPA.

For information contact:

MPA general: 020 7202 0202
Media enquiries: 020 7202 0217/18

Supporting material

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