For the committee to receive the external auditor’s annual audit letter for 2018/19 and determine whether further action or inclusion in the committee’s work programme is appropriate.

Grant Thornton presented the report and explained that this was a summary of the audit completed over the previous year.    There was no new information for consideration as it had previously been discussed in committee meetings.  

In response to a query from a member of the committee, the chief finance officer agreed to confirm the current value of the land and assets owned by the council.   It was noted that assets would be valued on different valuations.

Grant Thornton confirmed that they do take into account the aggregate effect of items and if the aggregated value does become material, this is reported to the committee.   A list of uncorrected items is also reported to the committee. 

Grant Thornton and the chief finance officer confirmed that they had liaised over the Hoople pension liability being shown in the council’s statement of accounts.    It was noted that there were other councils who had done a similar exercise so that there was a pathway to follow. 

Grant Thornton offered to provide training to the committee on the Redmond Review which the committee agreed would be helpful. 

RESOLVED

That the report be noted.