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External Audit Plan for the East Sussex Pension Fund 2019/20

Meeting: 22/06/2020 - Pension Committee (Item 13)

13 External Audit Plan for the East Sussex Pension Fund 2019/20 and PSAA Fee Scales 2020/21 pdf icon PDF 216 KB

Additional documents:

Minutes:

13.1     The Committee considered a report on  the East Sussex Pension Fund’s External Audit Plan for 2019/20, together with the fees for 2020/21

13.2     The Committee RESOLVED to:

1) approve the External Audit Plan for the East Sussex Pension Fund for 2019/20

2) note the Public Sector Audit Appointments (PSAA) Fee Scales 2020/21 letter.

 


Meeting: 08/06/2020 - Pension Board (Item 13)

13 External Audit Plan for the East Sussex Pension Fund 2019/20 and PSAA Fee Scales 2020/21 pdf icon PDF 217 KB

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13.1.      The Board considered a report on the External Audit Plan for the ESPF for 2019/20 and the Public Sector Audit Appointments (PSAA) Fee Scales 2020/21.

13.2.      CA asked whether the ongoing negotiations with Grant Thornton, the External Auditor, were still ongoing due to COVID-19.

13.3.      IG said that there had been a general increase in public sector audit fees, not just for pension funds, due in part to an increase in the requirements for audit work by the Financial Reporting Council. The process of negotiating the fee via the PSAA was ongoing and last year had resulted in a reduction of the additional fee sought by Grant Thornton from £5k to £3k.

The Board RESOLVED to note the report.

 


Meeting: 16/03/2020 - Pension Committee (Item 72)

72 External Audit Plan for the East Sussex Pension Fund 2019/20 pdf icon PDF 162 KB

Additional documents:

Minutes:

72.1     The Committee considered a report seeking approval of the draft Pension Fund External Audit Plan for 2019/20.

72.2     The Committee RESOLVED to approve the draft External Audit Plan for the East Sussex Pension Fund for 2019/20.