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