Chapter 3 – Policy Implications for Gaelic - University of Edinburgh

External Auditor’s Fees
Appendix 2
The Audit Committee is asked to approve the audit fee proposed by KPMG for the 2012
audit. The fees proposal is in line with the KPMG response to the 2008 tender exercise
following which KPMG were re-appointed as external auditors to the University for 2008-09.
The option to extend the appointment for 2011-12 and 2012-13 was agreed by the Committee
and Court.
Actual
2010-11 fee
£
Proposed*
2011-12 fee
£
University of Edinburgh 52,155 54,500
The University of Edinburgh Development Trust 5,510 5,755
UoE Utilities Supply Company Limited 2,235 2,335
UoE HPCX Limited 2,235 2,335
Edinburgh Research and Innovation Limited 7,230 7,555
UoE Accommodation Limited 3,950 4,125
Edinburgh University Press Limited 8,010 8,370
Edinburgh Technology Fund Limited 2,235 2,335
Edinburgh Technology Transfer Centre Limited 2,235 2,335
SSTRIC Limited 2,235 2,335
Research into Results Limited 2,000 2,090
Flowave TT Limited 2,000 2,090
Total 92,030 96,160
US GAAP 59,760 40,000
The proposed fee for 2011/12 audit is £96,160 exclusive of VAT.
*Fees for 2011/12 reflected an increase for each entity in line with the annual increase in the
Retail Price Index as at April 2011 of 5.2% but as agreed with Audit Committee the uplift is
limited to CPI at 4.5%. Under the 2 year extension to the tender CPI increases will apply to
the 2012 and 2013 fees.