92 Accounts & Audit Regulations 2011
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Minutes:
The Committee
considered the report of the Head of Finance and Customer Services
summarising the proposed amendments to the Accounts and Audit
Regulations 2003 and outlining the implications for the
Council. It was noted that, inter
alia, the amended regulations removed
the requirement for Members to approve the Statement of Accounts
prior to it being submitted for external audit. Instead, the Statement would need to be signed by
the Director of Regeneration and Communities, as the responsible
financial officer, by 30 June and then approved by Members by 30
September following the external audit.
Other more minor changes included a requirement for the Statement
of Internal Control to accompany the Statement of Accounts rather
than be part of it and for the notes to be part of the Statement of
Accounts rather than accompany it.
The Committee
indicated that it would wish to review the Statement of Accounts
after it had been signed by the Director of Regeneration and
Communities and submitted for external audit.
RESOLVED: That the proposed amendments to the Accounts and
Audit Regulations 2003 be noted and that arrangements be made for
the Committee to meet in July each year in order to review the
Statement of Accounts after it has been signed by the Director of
Regeneration and Communities, as the responsible financial officer,
and submitted for external audit.