Agenda item

John Cornett and Katie Scott from KPMG, External Auditors, were present at the meeting to introduce the report. John highlighted the headlines, significant risks, key issues and recommendations in the External Auditor’s annual report. He also advised Members that work on the triennial pension revaluation was on-going but was likely to be completed by the end of the month.

During discussion it was noted that the purpose of the External Auditors assessment on Value for Money was to make sure policies and procedures were in place to deliver and assess Value for Money

He noted the good working relationship with the Authority and thanked the Chief Finance Officer and his team for their assistance during the audit. The Chair of the Committee expressed thanks to John, Katie and their team for their work in carrying out the Audit and coming along to present their findings. The Chair of the Authority also asked that the Chief Finance Officer and his Team be thanked for their work throughout the year and congratulated on a good audit outcome.

The recommendations as set out in the report were moved, seconded, put to the vote and carried.

RESOLVED:

1.         To note the External Auditor’s report at Annex A.

2.         To note the letter of management representation at Annex B to be signed by the Chair of Audit Resources and Performance Committee and the Chief Finance officer.

3.         To approve the additional audit fee of £1,000 to cover the cost of the additional work undertaken in relation to the Comprehensive Income and Expenditure Statement restatement.

4.         To authorise the Chief Finance Officer, in consultation with the Chair of the Committee, to pay any additional audit fee for the triennial pension revaluation when the work is completed.

Cllr C Furness arrived at 10:10am during consideration of this item.