Issue - meetings

REPORT OF ERNST AND YOUNG

To consider the Draft Audit Results Report.

RESOLVED: That the Draft Audit Results Report be noted.

REASON FOR DECISION: To enable the Committee to consider the Draft Audit Results Report.

Audio Recording – 26 Minutes 55 Seconds

The Draft Audit Results Report was added under urgency provisions. The reason for urgency was that the Statement of Accounts must be approved by 30 November 2020, in line with the Accounts and Audit (Coronavirus) (Amendment) Regulations 2020. The next scheduled Finance, Audit and Risk Committee is due to take place after this deadline on 3 December 2020.

The Associate Partner and the Audit Manager – Ernst and Young, presented the Draft Audit Results Report.

The Associate Partner informed Members that the audits had been completed entirely via remote means.

The Associate Partner advised that subject to satisfactory completion of some outstanding items they were expected to issue an unqualified opinion on the Authority’s financial statements. The Audit Manager provided more detail on the outstanding items, as per page 115 of the report.

The Audit Manager advised that they would include an ‘emphasis of matter’ paragraph in order to draw users’ attention to the  going concern disclosure.

The Associate Partner provided further information relating to the Fee Analysis, outlined on page 141 within the report.

The Service Director – Resources concluded the item by advising that Members were recommended to note the Draft Audit Results Report.

RESOLVED: That the Draft Audit Results Report be noted.

REASON FOR DECISION: To enable the Committee to consider the Draft Audit Results Report.