Your Councillors


AUDIT, GOVERNANCE & STANDARDS COMMITTEE

Monday 21st March 2016

Is the final decision on the recommendations in this report to be made at this meeting?

Yes

 

Audit Committee Update – March 2016

 

Final Decision-Maker

Audit, Governance & Standards Committee

Lead Head of Service

Head of Finance & Resources

Lead Officer and Report Author

Paul Holland, Senior Finance Manager – Client Accountancy

Classification

Public

Wards affected

N/A

 

 

This report makes the following recommendations to this Committee:

1.   It is recommended that the Audit, Governance & Standards Committee notes the External Auditor’s update report attached at Appendix A

 

Issues for Consideration:

 

To consider the report of the External Auditor on the proposed Audit Programme

for 2015/16. Representatives from Grant Thornton UK LLP will be present at the

meeting to present their report and answer any questions.

 

 

 

This report relates to the following corporate priorities:

·         Securing a successful economy for Maidstone Borough – delivery of value for money services.

 

 

Timetable

Meeting

Date

Audit, Governance & Standards Committee

21st March 2016



Audit Committee Update – March 2016

 

 

1.        PURPOSE OF REPORT AND EXECUTIVE SUMMARY

 

1.1     This report is to communicate to the Audit, Governance & Standards Committee a report on the progress in delivering the responsibilities of the Council’s External Auditors.                                                                                    

1.2     The report also includes emerging issues and developments relevant to the Council along with any questions that may arise as a result of those emerging issues.

 

 

2.        INTRODUCTION AND BACKGROUND

 

2.1     The Audit Committee Update Report will provide a report on the progress of the work of the External Auditor’s Grant Thornton UK LLP, in discharging their responsibilities as outlined in the above at Paragraph 1. A copy of the report is attached at Appendix A.

 

 

3.        REASONS FOR RECOMMENDATIONS

 

3.1     External Audit Services are provided by Grant Thornton UK LLP who successfully tendered for the five year contract from 2012/13 following the abolition of the Audit Commission’s audit practice.

 

3.2     Members have previously indicated that they found this type of report to be useful.                                                                                                           

3.3     Representatives of Grant Thornton UK LLP will be at the meeting to present the report and answer any questions.                                                                                                                                                                           Alternative action and why not recommended                                                                                                                           

3.4     In accordance with the respective responsibilities of both the External Auditor and the Audit and Governance Committee, a progress report update of this nature is judged to be appropriate for consideration. To not consider the report could weaken the Audit, Governance & Standards Committee’s capacity to discharge its responsibilities in relation to External Audit and governance.

 

 

 

 

 

 

 

 

 

4.       CROSS-CUTTING ISSUES AND IMPLICATIONS

 

 

Issue

Implications

Sign-off

Impact on Corporate Priorities

The report is focused on ensuring that the Auditor’s Opinion on the 2015/16 Financial Statements is issued by the Statutory deadline of the 30th September 2016.

Head of Finance & Resources

Risk Management

This report supports the Committee in the delivery of its Governance responsibilities. It also helps to mitigate the risk of non-compliance with the statutory timetable for production and audit of the annual accounts through timely communication of any potential issues.

Head of Finance & Resources

Financial

The financial implications arising from the proposed work will be contained in the Audit Plan referred to in the Report at Appendix A

Head of Finance & Resources

Staffing

None

[Head of Service]

Legal

None

[Legal Team]

Equality Impact Needs Assessment

None

[Policy & Information Manager]

Environmental/Sustainable Development

None

[Head of Service or Manager]

Community Safety

None

[Head of Service or Manager]

Human Rights Act

None

[Head of Service or Manager]

Procurement

None

[Head of Service & Section 151 Officer]

Asset Management

None

[Head of Service & Manager]

 

5.        REPORT APPENDICES

 

The following documents are to be published with this report and form part of the report:

·         Appendix A: Grant Thornton Progress Report and Update

 

 

6.        BACKGROUND PAPERS

 

None

 

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