Decision details

Informing the Audit Risk Assessment

Decision Maker: Accounts and Audit

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No


The Director of Resources submitted a report informing members of the material accounting estimates that had been made and the methods that had been employed in arriving at the values used in the Statement of Accounts.   The report also asked members to endorse the processes that had been followed in arriving at such estimates.


Also included under this item was a report from Grant Thornton that covered important areas of the auditor risk assessment where there had been a requirement to make inquiries of the Accounts and Audit Committee under auditing standards.


Members were reminded that the Council’s external auditors, Grant Thornton are required to:


·         Understand and assess the Council’s internal controls over accounting estimates.


·         Obtain an understanding of the role of the Accounts and Audit Committee, particularly where estimates have a high estimation uncertainty, or require significant judgement.




1.    Endorse the approaches followed in respect of significant estimates as outlined in the report, and


2.      Acknowledge the responses made to the Grant Thornton document ‘Informing the audit risk assessment for Ribble Valley Borough Council 2020/21’.


Report author: Averil Crowther

Publication date: 01/12/2021

Date of decision: 17/11/2021

Decided at meeting: 17/11/2021 - Accounts and Audit

Accompanying Documents: