Issue - meetings

Audit Progress Report (Report of Grant Thornton)

Meeting: 28/09/2022 - Accounts and Audit (Item 353)

353 Audit Progress Report (Report of Grant Thornton) pdf icon PDF 3 MB

Report of Grant Thornton enclosed.

Minutes:

Grant Thornton submitted for information the Audit Progress Report on Ribble Valley Borough Council covering the period up to 31 March 2022.

 

The report provided Committee with progress as of September 2022 against the Annual Audit Report brought to Committee on 6 April 2022, and also included the findings of interim audit work. Audit Findings on the Council’s Statement of Accounts were expected by November 2022, and the Auditor’s Annual Report in January 2023.

 

The report also included sector updates in relation to a number of emerging issues and developments including:

 

·         The Department for Levelling Up, Housing and Communities (DLUHC) response to local audit consultation.

 

·         Publication of the Levelling Up White Paper by The Department for Levelling Up, Housing and Communities (DLUHC), and the reaction by Grant Thornton.

 

·         CIPFA’s publication of the Prudential Code for Capital Finance in Local Authorities, and the Treasury Management in the Public Services Code of Practice and Cross-Sectoral Guidance Notes (the Treasury Management Code).

 

·         CIPFA’s report on the value of internal audit, and

 

·         Recent publications by the National Audit Office (NAO) including a guide on good practice in annual reporting, an audit and risk assurance committee effectiveness tool, and a guide for audit and risk committees on financial reporting and management during COVID-19.