Audit

(asked on 3rd February 2015) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, with reference to page 128 of her Department's Annual Report and Accounts 2013-14, HC 745, what the reasons are for the increase in auditors' remuneration compared to the previous financial year.


Answered by
Nick Gibb Portrait
Nick Gibb
This question was answered on 10th February 2015

Auditors’ and educational consultancy remunerations have increased in 2013-14 to reflect the increasing number of academies consolidated into the Department for Education’s accounts. In 2013-14, 2,585 Academy Trusts were consolidated into the Department’s accounts (2012-13: 2,108 Academy Trusts).

Audit fees are costs incurred by Academy Trusts in fulfilling their statutory duty of ensuring that their financial statements are audited whilst non-audit fees may include fees for preparing statutory accounts and management accounts, internal audit and systems check and payroll preparation.

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