Issue - meetings

Note: The title for this item is erroneous. The item is External Audit Sector Update and Progress Report.

The Grant Thornton Audit Manager introduced the item to the Committee. They had been unable to reconciliate all risks so far during the auditing process, including in the cash and cash equivalent section of the report. The Audit review in this area was still in progress. The firm had access to additional resources to undertake the work. It was emphasised that the reports provided to the External Auditors needed to be accurate.

Large samples had been received by the finance team. These would be helpful in ensuring that the work is completed by the backstop date. It was noted that the backstop date keeps moving however it was expected that the Audit next year would run more smoothly.

The Committee noted the External Audit Sector Update and Progress Report.