2013 Report details for project: Reform of the Audit Commission

Project name Reform of the Audit Commission - there is only one report for this project
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Organisation DCLG (D4) - see all reports for this organisation
Report year 2013 (data is from September 2012)
Category Transformation - see all reports for this category
Description: Disband the Audit Commission and refocus local audit on helping local people to hold councils and local public bodies to account for their spending decisions by:- (a) Developing and implementing a new audit regime where all such audits will be regulated within a statutory framework, with oversight by the profession and the National Audit Office; (b) Transferring (through outsourcing) the Commission's in-house audit practice into the private sector
DCA (RAG) Amber
DCA text: The outsourcing of the Commission's audit practice staff to the private sector has been successful, achieving a 40% saving on audit fees for local public bodies. (The audit practice staff were successfully transferred to the private sector on 31 October 2012.) The introduction of the new audit arrangements is dependent upon Royal Assent to the Local Audit & Accountability Bill which has been introduced in the Lords and received its second reading on 22 May 2013. Royal Assent is anticipated in early 2014 which will allow the closure of the Audit Commission in April 2015.
Start date 2011-06-30
End date 2012-11-01
Schedule text On Schedule
Baseline £24.99m
Forecast £0.05m
Variance -99.80%
Variance text: The outsourcing delivered a successful outcome for both audited bodies, in terms of savings on fees, but also in relation to the transfer of audit staff to the private sector, thus obviating significant redundancy costs for over 600 staff.
Whole Life Cost £53.08m
WLCost text: The minimisation of redundancy cost, especially for audit practice staff as above, has reduced the overall cost.
Sourcefile DCLG_2013.csv

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