Issue - meetings

To note the contents of this report which will form the basis of the written response to the Council’s External Auditors.

Consideration was given to a proposed response to be sent from the Chairman to the External Auditors, Grant Thornton, on the way in which the Committee gains assurance over the management processes in place to prevent and detect fraud and to ensure compliance with law and regulation.

Grant Thornton had asked specific questions with regard to carrying out an assessment of the risk that the financial statements may be materially misstated due to fraud or error, identifying and responding to risks of breaches of internal control, identifying and responding to risks of fraud in the organisation and communicating to employees views on appropriate business and ethical behaviour.  They also wanted to understand how the Committee gains assurance that all relevant laws and regulations have been complied with.

RESOLVED

That the contents of the report, and that it will form the basis of the written response to the Councils External Auditors by the Chairman of the Audit and Governance Committee, be noted.