Issue - meetings

To consider the contents of the Work Plan and determine any required amendments.

The Committee considered the contents of the Work Plan.

A number of changes had been made to the Work Plan since the previous meeting, including the inclusion of a quarterly Business Continuity update report.

The Committee noted that new regulations (cited as the Accounts and Audit Regulations 2011) had come into force on 31^st March 2011 which had the following implications for the Work Plan:

§         The regulations had removed the requirement for the accounts to be formally reviewed and approved by the Audit and Governance Committee prior to audit (i.e. before the end of June), although they still had to be signed by the responsible Borough Treasurer and Head of Assets at that date.

§         Members now had to consider and approve the accounts no later than 30^th September following the financial year end. The AGS had to be approved and published at the same time as the statement of accounts. A training/briefing session would be held in early September to address both the structure and content of the accounts together with the AGS and the accompanying assurances.

RESOLVED

That the Work Plan, including the changes made since the previous meeting and the implications of the Accounts and Audit Regulations 2011, be noted.