Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The External Audit Manager presented a report providing the Committee with a summary of the progress made by Grant Thornton in delivering their responsibilities as the Council’s External Auditors as of September 2020. The report also included details of emerging national issues and developments that might be relevant to the Council.
In presenting the report, the External Audit Manager expressed appreciation for the early submission by the Finance Lead Specialist (Section 151 Officer) and her Team of a solid set of Statements. He advised that External Audit were making good progress through the audit on the accounts and the Value for Money work and were on course to complete the audit and to report back on it to the Committee on 5 November 2020. The External Audit Manager made particular reference to the value for money work which had gone well and informed Members that External Audit was close to be able to share its initial findings, with a positive outcome proposed at this stage. He referred to the new Code of Audit Practice on Value for Money which had come into force on 1 April 2020 and to the new framework, and advised that he intended to provide a briefing on this to Members at the February 2021 meeting. The External Audit Manager drew Members’ attention to financial reporting workshops which had been attended by officers the Finance Team pre-Covid-19. The External Audit Manager further drew attention to the sector update and to the in-depth insight into the impact of Covid-19 on financial reporting in the Local Government Sector and was pleased to report that this had been taken seriously by officers, with a separate paper having been submitted to audit alongside the accounts addressing each of the issues raised, in line with good practice. The Council was responding well to the challenges.
No Member having raised concern when asked by the Chairman, it was
RESOLVED – That the progress made by External Auditors as at September 2020 be noted.
Publication date: 15/10/2020
Date of decision: 17/09/2020
Decided at meeting: 17/09/2020 - Audit Committee