To consider the report of the Head of Finance, Procurement and Commercial Services.
Minutes:
Consideration was given to the Grant Thornton Update Report as contained on pages 185 to 199 of the Book of Reports.
The Chairman invited Georgia Jones, Key Audit Partner - Grant Thornton, to present the report to the Committee.
Comments and questions were raised as follows:
· Difficulties during Pandemic and catch-up work/capacity issues in Team
· A staff re-structure of the Finance Team at WLBC has been undertaken and this will now provide stability moving forward
· A notice of delay for the 2020/21 audit has been published on the Council's website in line with regulation
· Clarification/breakdown of the increase in fees - Grant Thornton/ Justify to PSAA for agreement
· Project Plan for Audit 2020/21 – Autumn 2022
· Grant Thornton revising samples following some changes made to the 2020/21 Accounts
· Civica Improvement modules / wider transactional
· Impact on Annual Governance Statement due to non-receipt of 2020/21 Accounts
· Audit deliverables - The Head of Finance commented that revised 20/21 Accounts, in full Group format, would be distributed to members of the Audit and Governance Committee by 31 August 2022
RESOLVED: That the Grant Thornton Progress Update Report be noted.
Supporting documents:
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