Issue - meetings

This report provides an update of the work the Council’s External Auditors are carrying out and identifies emerging issues for Committee to note.

The Committee:-

(1)          Received the External Audit Progress Report

(2)          Received the Annual Audit Letter

The Committee received and considered a report that provided an update on the work that the Council’s External Auditors were carrying out.

Mr. Ade Oyerinde, Audit Manager, Grant Thornton UK LLP was in attendance. Mr. Oyerinde reported that Elizabeth Jackson was currently on maternity leave and the role of Engagement Lead was being covered by Sarah Ironmonger.

Mr. Oyerinde reminded the Committee that the closure of accounts had been brought forward and the financial statement audit would be scheduled for June 2018. In relation to technical matters, Mr. Oyerinde did not anticipate any significant impact on the Council resulting from the forthcoming changes in IFRS 9 and 15.  Further guidance would follow. In respect of certification of the Council’s Housing Benefit subsidy claim for 2016/17 Mr. Oyrinde confirmed that work was now complete and that the claim had been certified without amendment or qualification.

Mr. Oyerinde reported no issues he wished to highlight in respect of the Annual Audit Letter.

The Committee:-

(1)          Received the External Audit Progress Report

(2)          Received the Annual Audit Letter