Issue - meetings
Informing the Audit Risk Assessment
Meeting: 25/01/2024 - Audit and Governance Committee (Item 254)
254 Informing the Audit Risk Assessment 
PDF 63 KB
Purpose
To consider proposed management responses to the external auditor’s questions to inform their assessment of risk to underpin the audit of the statement of accounts for the year ended 31 March 2023.
Recommendations:
That the Audit and Governance Committee resolves to:
1. Confirm their understanding of and agreement with the responses provided by management to the auditors in Annex A.
2. Make any further comments or observations in respect of any of the areas set out in Annex A known to the auditors.
Additional documents:
- Annex A CDC PSA Informing the audit risk assessment 2022-23, item 254
PDF 479 KB
- Webcast for Informing the Audit Risk Assessment
Minutes:
The Deputy Chief Executive introduced the report. The purpose of the item was for the Committee to consider proposed management responses to the external auditor’s questions to inform their assessment of risk to underpin the audit of the
statement of accounts for the year ended 31 March 2023.
Members suggested a change of wording, as a typographical error mistakenly read “abuse of the council tax reduction scheme is supported by the revenues and benefit staff” which should read “abuse of the council tax reduction scheme is dealt with by the revenues and benefit staff” or similar. The Deputy Chief Executive agreed to rephrase this.
Members asked about the processes around reporting fraud. The Head of the Counter Fraud and Enforcement Unit stated that the instances were included in the report, but that these could be highlighted more clearly for future reports.
Members discussed the Council’s assets in regard to IFRS16 requirements. The Chief Accountant stated that the impact would be small, but that this would be reassessed as there remained a year before the deadline for implementation.
Resolved: To NOTE the report