Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Copies of the report, which was marked “to follow” on the Agenda, had been circulated to Members on 4 November 2022.
Hebe Dyson, External Audit presented the Audit Findings report. The report presented the observations arising from the audit that were significant to the responsibility of those charged with governance to oversee the financial reporting process as required by International Standard on Auditing (UK) 260.
It was highlighted that External Audit had not completed the Value for Money work and so were not in a position to issue the Auditor’s Annual Report. They expected to issue their Annual Report by the end of February 2023, which was in line with the National Audit Office’s revised deadline. As part of the work, External Audit had considered whether there were any risks of significant weakness in the Council’s arrangements for securing economy, efficiency and effectiveness in its use of resources. To date, no weaknesses in the Council’s arrangements had been identified.
External Audit had substantially completed their audit of the Council’s financial statements and, subject to outstanding queries being resolved, anticipated issuing an unqualified audit opinion following this meeting.
Members were asked to note and receive the Audit Findings made by the External Auditors and also note the External Audit action plan, which formed recommendation 6 as set out in the report under Agenda Item No. 6 (Audited Statement of Accounts and Annual Governance Statement 2021/22) and formed Appendix A to the Audit Findings Report.
RESOLVED – That
(1) the Audit Findings made by the External Auditors for the year ending 31 March 2022 be noted and received; and
(2) the External Audit action plan be noted.
Publication date: 12/01/2023
Date of decision: 10/11/2022
Decided at meeting: 10/11/2022 - Audit Committee