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Issue - meetings

External Audit Progress Report and Update

Meeting: 19/03/2019 - Audit Committee (Item 78)

78 External Audit Progress Report and Sector Update (01:08:00) pdf icon PDF 597 KB

To receive a report from Grant Thornton providing the Audit Committee with an update on progress in delivering their responsibilities as the Council’s external auditors.

Minutes:

The Committee had before it, and NOTED, a report * from Grant Thornton providing an update on progress in delivering their responsibilities as the Council’s external auditors.

 

The following was highlighted within the report:

 

·         Progress on the overall audit and the results of the interim audit undertaken in February 2019.

·         A survey would be issued to Grant Thornton’s clients in the autumn of 2019 requesting feedback on their performance.

·         Some early substantive testing had been undertaken ahead of year end and an analysis made of the Medium Term Financial Plan and the assumptions underpinning that. No areas of concern had been brought to light thus far in the process.

·         Work on the pooling of capital receipts had also been completed.

 

It was requested that consideration be given to providing Members with a briefing on the Council’s response to the Financial Resilience Index consultation stated within Grant Thornton’s report.

 

Note: * Report previously circulated; copy attached to the signed minutes.