Agenda item

To consider the report of the Head of Finance, Procurement and Commercial Services.

Consideration was given to the Consideration was given to the Grant Thornton 2020-21 Audit Plan and Progress Update Report as contained on pages 175-220 of the Book of Reports.

The Chairman invited Simon Hardman, Audit Manager Grant Thornton, to present the findings to the Committee.

Comments and Questions were raised as follows:

·         The impact of using estimates and there was reference made to the next pensions valuation being March 2022

·         Timetable of Audit to be carried out by Grant Thornton

·         Audit to include Tawd Valley Development (TVD) and costings

·         Double auditing of TVD duplicating work

·         Increased fees due to Regulators requiring more detailed work around asset and pension valuations.

RESOLVED:     That the Grant Thornton 2020-21 Audit Plan and Progress Report be noted.

(N.B. Councillor J. Gordon arrived during this item)