Issue - meetings

Audit Progress Report and Sector Update

Meeting: 18/01/2021 - Audit, Governance and Standards Committee (Item 167)

167 External Audit - Progress Report and Sector Update pdf icon PDF 128 KB

Additional documents:

Minutes:

Ms Tina James of Grant Thornton, the External Auditor, presented the progress report of the External Auditor which included a summary of emerging national issues and developments of relevance to the local government sector. It was noted that:

 

·  Work on the certification of the Housing Benefit Subsidy claim was continuing and a report would be submitted to the next meeting of the Committee.

 

·  Work had not started yet on the 2020/21 audit, but the External Auditor would be in contact with the Finance team very soon regarding the Audit Plan.

 

·  The sector update included details of changes to the Code of Audit Practice for 2020/21, the most significant of which related to the way in which the value for money work was reported.  There had also been some revisions to accounting standards which meant that the External Auditor would be doing additional work in relation to accounting estimates.

 

RESOLVED:  That the External Auditor’s progress report and Sector Update, attached as Appendix 1 to the report of the Head of Finance, be noted.