Issue - meetings

External Audit Reports 2007/08

Meeting: 09/07/2020 - Audit and Corporate Governance Committee (Item 5)

5 External Audit Results Report 2017-18 - Addendum Update pdf icon PDF 2 MB

Minutes:

Suresh Patel presented this report on the External Audit of the Council’s financial statements for the year ended 31 March 2018. He explained that it had been hoped to complete the audit of the 2017/18 accounts earlier, but the reconciliation had taken longer than expected and then the lockdown due to the Corvid-19 pandemic had caused further delay. However, the External Auditors had made the necessary adjustments to be able to work remotely, so it was expected that work on the 2018/19 accounts and the 2019/20 accounts would not be delayed by any continuation of the lockdown.

 

Not material differences

In response to questioning, Suresh Patel explained that audit differences had been found in the Assets Held for Sale and the Capital Grants Received in Advance, but these were not materially significant to require an adjustment.

 

Record of expenses

It was noted that whilst the Council had accidentally destroyed records relating to councillors’ register of interests for 2017/18, details of expenses paid to councillors were publicly accessible on the Council’s website.

 

Audit fee

It was noted that External Audit had recognised that they were partly culpable for the extra work resulting in the compilation of the report and had adjusted their audit fee accordingly. Any dispute in the fee would be considered by the PSAA.

 

The Committee NOTED the report.