Issue - meetings

Annual Audit Leter and External Grants Certification Summary

 

 

Meeting: 22/01/2019 - Performance, Audit and Governance Scrutiny Committee (Item 350)

350 Annual Audit Letter and External Grants Certification Summary pdf icon PDF 2 MB

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Additional documents:

Minutes:

The External Auditor (EY) submitted a report setting out the Audit Fees for 2017/18.  It was noted that the final fee for non-audit work in relation to grants was yet to be confirmed.  The Chairman and Members sought clarification of a number of issues including:

 

·       the change of classification in relation to the Old River Lane site from an asset management issue and of the need to ensure that Charrington’s House was classified as an investment property.

·       The Council’s pension fund and pension liability;

·       Work being undertaken in relation to IFRS 16 (Leases);

 

·       The proposed fee for non-audit work (Grants);

·       The fees and scope of work in relation to housing subsidy claims ;

·       Housing benefit subsidy and the need for further staff training;

·       the impact of Universal Credit on housing benefit subsidies.

 

Members noted the update and received the report.

 

RESOLVED - that the report be received.