The Director of Resources submitted a report asking members to ratify the responses made by management in response to a number of questions raised by Grant Thornton. These questions cover some important areas of the auditor risk assessment where there is a requirement to make inquiries of the Accounts and Audit Committee under auditing standards.
The questions raised and the management responses were annexed to the report and covered the following:
· General Enquiries of Management
· Fraud
· Laws and Regulations
· Related Parties
· Going Concern
· Accounting Estimates
RESOLVED THAT COMMITTEE:
Ratify the responses made to the Grant Thornton document ‘Informing the audit risk assessment for Ribble Valley Borough Council 2022/23’ as attached at Annex 1 of the report.