The Annual Audit Letter for Lancashire County Council and Lancashire County Pension Fund 2017/18
Decision Maker: Audit, Risk and Governance Committee
Decision status: For Determination
Is Key decision?: No
The committee considered a report setting out the Annual Audit Letter for the county council and the Lancashire County Pension Fund for 2017/18.
It was reported that the Annual Audit Letter confirmed the actions that had been undertaken by Grant Thornton, the county council's external auditors, together with the key messages in relation to the financial statements audit and audit opinion, and the Value for Money conclusion. It was noted that an audit certificate could not be issued for the year ending 31 March 2018, as had also been the case in recent financial years, due to the ongoing police investigation but once this had concluded the external auditor would issue the certificates.
In commenting on the Audit Letter, Mike Thomas, external auditor, informed the committee that the provisional fee set out on page 21 of the agenda report had now been confirmed.
The Chair clarified that this was the second and not the first full year that the accounts had been completed by 31 July. The external auditor agreed to amend the Annual Audit Letter accordingly.
Resolved: - That subject to the above amendments, the Annual Audit Letter for 2017/18 as set out at Appendix A to the report be noted.
Date of decision: 29/10/2018
Decided at meeting: 29/10/2018 - Audit, Risk and Governance Committee