External Audit Progress Report (01:00:00)
To receive a verbal update from Bishop Fleming on progress so far with the external audit.
Minutes:
The following verbal update was provided on behalf of the external auditors, Bishop Fleming, regarding the current external audit taking place on the 2023/2024 financial accounts:
· The 2023/2024 audit was currently in progress and would be conducted over a 4 week period.
· A hybrid approach was being used with some staff working on the premises and some working elsewhere.
· The audit was on track and the aim was to bring a findings report to the October meeting.
· One factor they were not able to control was the Pension Fund Letter.
· They had not found any significant issues to bring to the Committee’s attention.
· Regarding the ‘Value for Money’ audit, they had all the information they needed and were on track.