Decision details

A report was presented on the audit findings in relation to the accounts of the Lancashire County Pension Fund.

In commenting on the Lancashire County Pension Fund account, Karen Murray, external auditor, informed the committee that the audit work had not identified any material adjustments affecting the Fund's reported financial position. However, a number of minor adjustments had been made to improve the presentation of the financial statements. 

It was reported that the pension fund's financial statements gave a true and fair view of the financial transactions of the pension fund during the year ended 31 March 2015 and the amount and disposition of the fund's assets and liabilities.

The external auditor thanked Council officers for their support during the audit.

Resolved:

(i)  That the external audit findings report covering the audit of the Lancashire County Pension Fund for year ended 31 March 2015 be noted.

(ii)  That the adjustments to the financial statements and other issues raised by the external auditor as set out in the report presented, be noted.