Issue - meetings

The External Auditor submitted a report setting out significant findings arising from the audit for the year ending 31 March 2015.  The report also presented the External Auditor’s findings to management and those charged with governance in accordance with the requirements of the International Standard on Auditing 260 (UISA UK and I).

The External Auditor advised that the audit was substantially complete subject to the finalisation of their work in areas as detailed in the report.  A number of key messages had arisen from the audit, as detailed in the report.  Subject to the finalisation of the highlighted areas, the External Auditor anticipated providing an unqualified opinion on the Council’s financial statements.

The External Auditor also anticipated providing an unqualified opinion in respect of the Value for Money (VfM) conclusion.  Members were advised of three minor internal control issues as detailed in the report. 

Officers in the Council’s finance department were thanked for their support in the preparation of this report.

The Director of Finance and Support Services stated that future system capability of the Council’s financial system would improve the internal control of the Authority.  She assured the Committee that once the contract on the current non-bespoke system expired at the end of 2017, adjustments would be made to ensure the Council’s financial system delivered what the Authority needed going forward. 

The Committee received the report.

RESOLVED – that the report be received.