To consider the Audit Completion Report 2021/22.
The committee received a report from the Director of Finance and Customer Services and update from external auditors, Mazars, that summarised the findings of the 2021/22 Audit. The report identified key issues considered by Mazars prior to issuing their opinion on the Council’s financial statements and its arrangements for securing economy efficiency and effectiveness in the use of resources.
The Audit Completion Report for 2020/21 was presented to committee on 17January 2022, with a supplementary letter to be provided once Mazars have completed their work on infrastructure assets. As a result of the audit work and subsequent findings, it was noted that there has been no material change to the Statement of Accounts for 2021/22 since publication on 29 July 2022.
The committee were informed that Value for Money work for 2021/22 is still ongoing which will be reported on once work on land transactions has been concluded.
That the Audit and Governance Committee;
(1) Received the Audit Completion Report for the year ending 31st March 2022;
(2) Noted the accounting policy with regard to the treatment of Infrastructure Assets will be updated in the final audited accounts in line with the Statutory Instrument (SI 2022/123) that was issued on the 25 December 2022;
(3) Delegated authority to the S151 Officer to:
a. Sign off the Statement of Accounts for 2021/22, once the audit has concluded, and to sign off the Statement of Accounts for 2020/21, when the supplementary letter has been received from the auditors
b. Notify Committee Members of the final signed Accounts being published on the Council’s website.