BUSINESS

Auditors in fees increase warning

Auditors have warned a number of councils that their audit fees for 2019/20 could be more than one-fifth higher than they were expecting.

Auditors have warned a number of councils that their audit fees for 2019/20 could be more than one-fifth higher than they were expecting.

It comes after the Financial Reporting Council (FRC) regulator raised the threshold of what it assesses as a good quality audit following recent, high-profile company failures that were also attributed to audit performance.

Dan Peters

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