Issue - meetings

ISA 260 – Report from KPMG

Rachel Lindley, representing KPMG, the Council’s External Auditors, presented a report summarising the key findings from their work in relation to the financial statements for the year ending 31 March 2013 and their assessment of the Authority’s arrangements to secure Value for Money in its use of resources.

It was explained that KPMG had substantially completed their work on the 2011/2012 financial statements and it was anticipated that an unqualified audit opinion would be issued by the end of August 2012.

The Assistant Director of Resources (Finance and Efficiency) presented the Letter of Representation which had been signed by him and the Chair of the Audit Committee, Councillor Elizabeth FitzGerald to KPMG which was required before the audit opinion could be issued.

Delegated decision:

That the findings of the report be accepted.