Decision Maker: Accounts and Audit
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Director of Resources submitted a report informing members of the responses made by management in response to several questions raised by Grant Thornton. The questions covered important areas of the auditor risk assessment where there was a requirement to make inquiries of the Accounts and Audit committee under auditing standards.
Members were informed that the two-way communication assisted both the auditor and the committee in understanding matters relating to the audit and developing a constructive working relationship, as well as the committee fulfilling its responsibilities in relation to the financial reporting process.
The document covered a series of questions to management of the council covering:
· General Enquiries of Management
· Laws and Regulations
· Related Parties
· Going concern
· Accounting Estimates
Committee were asked to consider the responses and whether they were consistent with its undertaking.
Several questions were asked on the issues that had been raised by the external auditors and assurances were given by the officers.
RESOLVED THAT COMMITTEE:
Note and acknowledge the responses made to the Grant Thornton document ‘Informing the audit risk assessment for Ribble Valley Borough Council 2021/22’.
Report author: Averil Crowther
Publication date: 01/07/2022
Date of decision: 29/06/2022
Decided at meeting: 29/06/2022 - Accounts and Audit