The Audit & Risk Committee approved the new Non-Audit Fees Policy on 22 November 2018 (effective 1 January 2019) The policy sets out the rules for approving contracts for consultancy and other services (i.e. non-audit services) to the University’s external auditor, PwC. The policy mitigates any risk threatening, or appearing to threaten, the external auditor’s independence and objectivity. If you plan to contract with PwC for non-audit services, please note the following process: Value of non-audit service requested Approval required prior to engagement of the external auditor Up to £100,000 Finance Director Over £100,000 Sub-group of Audit & Risk Committee The total fees for non-audit services provided by PwC to the University will be limited to no more than 100% of the average of the statutory audit fees paid to PwC in the past three consecutive financial years. The Audit & Risk Committee agreed this cap at £250K for 2018/19. This total will be monitored and reported to Audit & Risk Committee. View Non-Audit Fees Policy This article was published on 2024-07-01
