Decision details

Karen Murray, Director for Grant Thornton, presented the External Audit – Lancashire County Council Audit Plan 2015/16 report to the Committee.

The Plan set out the main risk areas which the audits would focus on. These included the council's financial statements and value for money (VFM). 

It was reported that the result of the VFM audit work and the key messages arising would be presented to the Audit and Governance Committee at their meeting on 26 September 2016.

In the presentation, Karen Murray highlighted several areas for member's attention that included:

·  Materiality

·  Significant risks

·  Value for Money

·  The results of interim audit work

·  The fee for the audit of the County Council

Officers responded to concerns raised by the Members in relation to the significant risk identified by the External Auditor on the valuation and planned mothballing of the waste processing services. The Committee requested that work on such be progressed and reported back to the next meeting on 30 June 2016.

Resolved: - That the External Audit Plan for the audit of the County Council for 2015/16, and the fees therein, be agreed.