Minutes:
Mr T De Zoysa representing Grant Thornton gave an update of the work undertaken by the External Auditors recently.
He commented on the following:
· The External Audit Plan for 2021 would be submitted to the Audit and Governance Committee in June
· Since the last Committee:
o The 2019/20 audit had been formally closed off in March. This had been delayed because of a system failure at the National Audit Office
o The External Auditors had commenced their risk assessment process for the 2020/21 audit and appropriate meetings had been held with the Finance Team and the Council’s Valuers when discussions had centred on the valuation of land and buildings as this was a key risk for the Plan
o Within the next few weeks further meetings would be held with the Service Director Finance and his Finance Team to agree the next years Plan, the significant risks and the timings for the delivery of External Audit work and any additional fees required
RESOLVED that the update report of the External Auditor be received.