Local Audit and Accountability Bill: local audit impact assessment
Impact assessment on the government바카라 사이트™s programme of reforms to local audit.
Applies to England and Wales
Documents
Details
This impact assessment quantifies the costs and savings associated with the government바카라 사이트™s programme of reforms to local audit set out in the Local Audit and Accountability Act. This includes abolishing Comprehensive Area Assessment, outsourcing the Audit Commission바카라 사이트™s in-house audit practice, abolishing the Audit Commission and establishing a new decentralized local audit framework.
It incorporates the most recent cost data available from the Audit Commission, including its anticipated reductions in fee levels. As a result the impact assessment shows that government is on track to achieving savings to the taxpayer of £759 million over 5 years (2012 to 2017) and an estimated £1.3 billion (increased from £1.2 billion) over 10 years.