Meeting documents

Audit Committee
Tuesday, 26th September, 2006 6.00 pm

Date:
Tuesday, 26th September, 2006
Time:
6.00pm
Place:
Meeting Room A
 

Attendance Details

Present:
Councillor E B Briggs (in the Chair);
Councillors D Ashworth, P Ashworth, Y Creswell, K Rothwell and B Vincent
Co-opted:
Mr K Wainwright (Co-opted Member)
Apologies for absence:
Councillors K Audin (cl), A Matthews (cl) and D O’Hanlon (cl)
Buttons
Item Description Decision
Open
AU.513 DECLARATIONS OF INTEREST
Preamble for item AU.513
 
AU.514 EXTERNAL AUDIT MEMORANDUM

Preamble for item AU.514
Delegated decision:

That the contents of the report be accepted.
AU.515 STATEMENT OF ACCOUNTS 2005/2006
Preamble for item AU.515
1. That the amendments to the Accounts recommended by KPMG be approved.

2. That the final version of the Statement of Accounts for the 2005/2006 financial year be approved in line with the provisions of the Accounts and Audit Regulations 2003.

3. That the contents of the Letter of Representation be noted.

4. That the Management Response to the Statement of Accounts 2005/2006 be reported at the next meeting of the Audit Committee.

5. That all staff involved in preparing the Statement of Accounts 2005/2006 be thanked for their hard work.
The meeting started at 6.00 pm and ended at 7.10 pm

Preamble

Preamble
ItemPreamble
AU.513No declarations of interest were made at the meeting.
AU.514Adrian Lythgo, Jillian Burrows and Rashpal Khangura from KPMG presented the Audit Memorandum which set out the key findings from all the audit work that had been performed during the year. The findings were divided into two parts:-

• Use of resources and
• Accounts and Statement of Internal Control

Appended to the Memorandum were the proposed audit report and value for money opinion, Accounts performance improvement observations, Audit fee and reports produced, Management representations letter and the ISA 260 independence confirmation.
AU.515The Director of Finance and E-Government gave a presentation outlining the 2005/2006 Statement of Accounts which had been approved in draft form by the Audit Committee at its meeting on 29 June 2006.

The Accounts had been updated to reflect a number of amendments that had been made following the completion of the audit by KPMG, the amendments were set out in a report which had been circulated to Members of the Committee.

Once approved, the updated Statement of Accounts would be posted on the Council’s website, together with a summary report of the Council’s financial and performance results and a feedback questionnaire. A notice would be placed in the Bury Times and printed copies of the accounts would be available from libraries and Council offices.

The Director of Finance and E-Government thanked the staff who had been involved in achieving the required deadline for the close down process and also referred to the professional, diligent and courteous manner in which the external auditors had discharged their duties.