Decision details

The External Audit Plan for South Lakeland District Council Year Ended 31 March 2022

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

Gareth Kelly, External Audit, introduced the External Audit Plan for the Council for the year ended 31 March 2022.  The Plan set out an overview of the planned scope and timing of the statutory audit of the Council for those charged with governance.

 

Gareth Kelly referred to the report’s introduction and headlines and informed Members that the report was in line with previous years.  No significant weaknesses had been identified at the planning stage regarding Value for Money Arrangements.  He was also pleased to report that there had been significant improvement in quality scores.  Audit quality continued to be taken very seriously and improvements had been recognised by external reviews.  Hebe Dyson, External Audit, presented the finer detail of the report.

 

In response to a query regarding Audit Fees, Gareth Kelly explained that the fees for this year had not yet been finalised.  This was being approached nationally and there would be an update in the next progress report.  With regard to the fee increase, this related to a number of things, for example, new standards on accounting estimates, expectations from regulators and significant additional work in relation to Covid-19.  The Finance Lead Specialist (Section 151 Officer) added that, in recognition, the Government had provided a grant of £22,000 towards the additional fee.  The Finance Lead Specialist (Section 151 Officer) further provided an update on investment properties and a full review carried out last year and was able to demonstrate that recommendations were being followed.

 

In response to a query regarding the current situation between Russia and Ukraine in relation to the valuation of the Cumbria Pension Fund, Gareth Kelly explained that this had been examined, suggesting that exposure was low and that there was currently no direct effect.  Discussions were on going as regards what course of action to take.  In response to a further query, he was not aware whether any assets had been seized in South Lakeland.  The Finance Lead Specialist (Section 151 Officer) undertook to look into matter this for the Committee.

 

RESOLVED – That the External Audit Plan for South Lakeland District Council year ended 31 March 2022 be noted.

Publication date: 11/05/2022

Date of decision: 21/04/2022

Decided at meeting: 21/04/2022 - Audit Committee

Accompanying Documents: