Issue - meetings

To consider then external auditor’s audit plan for 2012/13. 

The committee considered the audit plan from Ernst & Young, the council’s external auditors.  The plan set out how the external auditor would audit the council’s activities for the financial year 2012/13.  The plan summarised the auditor’s assessment of the council’s key risks, and outlined the external auditor’s planned audit strategy in response to those risks. 

The committee noted that the fees set out in appendix A were indicative and would increase if the auditor needed to carry out any unexpected investigatory work.  The auditor reported that additional work would be required to audit the council’s new asset management register and its proposed restatement of historical gross book value and depreciation of its fixed assets. 

RESOLVED: to

(a)               welcome the external auditor’s plan to audit the council’s activities in 2012/13; and

(b)               note the external auditor’s indicative fee for this work and the likelihood of additional fees for work to audit the council’s new asset management register and the proposed restatement of historical gross book value and depreciation of fixed assets.