Approval of the County Council and County Pension Fund Letters of Representation 2017/18
Decision status: Recommendations approved
Is Key decision?: No
The Committee considered a report setting out, for approval, the County Council and Lancashire County Pension Fund Letters of Representation for 2017/18. The letters were appended to the report at Appendices 'A' and 'B' respectively.
It was reported that the council's external auditors, Grant Thornton, were required to obtain written representations from those charged with governance and management of the council on matters material to the financial statements where other appropriate audit evidence could not reasonably be expected to exist.
It was noted that, at the time of agenda publication, the external auditors had not yet completed their audit. In light of further information available since the publication of the agenda, the Chief Financial Officer and Chair of the Committee would be asked to sign updated letters, copies of which were tabled and made available to the Committee.
Resolved: - That:
(i) The management representation letters set out at Appendices 'A' and 'B' to the report now presented, and as updated and tabled, be noted;
(ii) It be agreed that, as updated and tabled, they be signed by the Chief Financial Officer and the Chair of the Audit, Risk and Governance Committee prior to being made available to the external auditor.
Report author: Khadija Saeed
Date of decision: 30/07/2018
Decided at meeting: 30/07/2018 - Audit, Risk and Governance Committee