Decision details

External Audit - Lancashire County Council Audit Plan 2018/19

Decision Maker: Audit, Risk and Governance Committee

Decision status: Recommendations Approved

Is Key decision?: No

Purpose:

The Annual Audit Plan for Lancashire County Council for 2018/19

Decisions:

This item was brought forward with the agreement of the Chair.

 

Robin Baker, Director and Engagement Lead and Angela Pieri, Engagement Manager, representing Grant Thornton, the county council's external auditors, presented the annual audit plan for Lancashire County Council for 2018/19.

The plan set out the auditor's understanding of the issues and risks the council faced and the nature and scope of work that would be carried out to discharge their responsibilities.

 

It was clarified that:

 

·  The risks around the audit opinion were consistent with local authorities of this size and nature.

·  Materiality had been set at £32 million, which was the same as previous years.

·  In terms of value for money responsibilities, the principal issues to be considered were regarding financial sustainability, which reflected the financial pressure all authorities currently faced. Another consideration was the internal controls which had previously been identified as a risk area and the positive opinion provided by the head of internal audit would be acknowledged.

 

Resolved: That the External Audit plan for the audit of Lancashire County Council for 2018/19 and the fees therein be approved.

Report author: Debra Jones

Date of decision: 20/05/2019

Decided at meeting: 20/05/2019 - Audit, Risk and Governance Committee

Accompanying Documents: