Your Councillors


AUDIT, GOVERNANCE AND STANDARDS COMMITTEE

18 March 2019

 

External Auditorís Audit Plan 2018/9

 

Final Decision-Maker

Audit, Governance and Standards Committee

Lead Head of Service/Lead Director

Mark Green, Director of Finance and Business Improvement

Lead Officer and Report Author

Chris Hartgrove, Interim Head of Finance

Classification

Public

Wards affected

All

 

Executive Summary

This report from the Councilís External Auditor, Grant Thornton, sets out the planned approach to delivering the audit of the 2018/19 financial statements and

value for money conclusion.

 

 

This report makes the following recommendations to this Committee:

That the External Auditorís Audit Plan attached at Appendix A be noted.

 

 

 

Timetable

Meeting

Date

Audit, Governance and Standards Committee

18 March 2019



External Auditorís Audit Plan 2018/19

 

 

1.        INTRODUCTION AND BACKGROUND

 

1.1     The external auditor produces an annual audit plan for the financial statements audit opinion and value for money conclusion. Following the appointment of Grant Thornton as our auditors for the period from 2018/19 to 2022/23, they will undertake this work. A copy of the plan is attached at Appendix A.

 

1.2     Representatives from Grant Thornton will be in attendance at the meeting to present their report and respond to questions.

 

 

2.        AVAILABLE OPTIONS

 

2.1     As the committee charged with responsibility for overseeing the financial reporting process, the Audit, Governance and Standards Committee is asked to consider and note this report. The committee could choose not to consider this report.† However, this option is not recommended, as the report is intended to assist the committee in discharging its responsibilities in relation to external audit and governance.

 

3.        PREFERRED OPTION AND REASONS FOR RECOMMENDATIONS

 

3.1     It is recommended that the committee notes the report.

 

 

4.       RISK

4.1     This report is presented for information only and has no implications which require risk management.

 

 

 

5.       CONSULTATION RESULTS AND PREVIOUS COMMITTEE FEEDBACK

 

5.1    No consultation has been undertaken in relation to this matter.

 

 

 

6.       NEXT STEPS: COMMUNICATION AND IMPLEMENTATION OF THE DECISION

 

6.1    Next steps are outlined within Appendix A.

 

 

 

7.       CROSS-CUTTING ISSUES AND IMPLICATIONS

 

Issue

Implications

Sign-off

Impact on Corporate Priorities

The report is focused on ensuring that the auditorís opinion on the 2018/19 financial

statements and value for money conclusion are issued by the statutory deadline of 31 July 2019.

Director of Finance and Business Improvement

Risk Management

See section 4.

Director of Finance and Business Improvement

Financial

There are no direct financial implications arising from the report, although the opinion on

the financial statements and value for money conclusion are one mechanism through which the council demonstrates financial accountability.

Director of Finance and Business Improvement

Staffing

None identified.

Director of Finance and Business Improvement

Legal

The audit of the Councilís Statement of Accounts is a statutory obligation.† There are no specific legal implications arising from this report.

Director of Finance and Business Improvement

Privacy and Data Protection

None identified.

Director of Finance and Business Improvement

Equalities

None identified.

Director of Finance and Business Improvement

Public Health

None identified.

Director of Finance and Business Improvement

Crime and Disorder

None identified.

Director of Finance and Business Improvement

Procurement

None identified.

Director of Finance and Business Improvement

 

 

 

 

8.        REPORT APPENDICES

 

The following document is to be published with this report and forms part of the report:

         Appendix A: External Auditorís Audit Plan 2018/19

 

 

 

9.        BACKGROUND PAPERS

 

None.