Financial Reporting Council Independent Review: Costs

Department for Business, Energy and Industrial Strategy written question – answered on 3rd July 2018.

Alert me about debates like this

Photo of Rebecca Long-Bailey Rebecca Long-Bailey Shadow Secretary of State for Business, Energy and Industrial Strategy, Member, Labour Party National Executive Committee

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the cost to the public purse of the independent review of the Financial Reporting Council.

Photo of Andrew Griffiths Andrew Griffiths Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Sir John Kingman asked not to receive a fee for his role undertaking the independent Review of the Financial Reporting Council. Members of the Review’s Advisory Group are also not remunerated for their involvement.

The Review’s Secretariat is currently made up of 5.2 full time equivalent civil servants (receiving public sector pay) with the view that this will increase to 6.2 once a vacancy has been filled. The Secretariat also includes one secondee whose salary is met by Legal & General. It is estimated that the costs of the Review will amount to approximately £210,000. This includes forecasted staff costs for the Secretariat, printing and travel and subsistence.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.