Khadija Saeed, Head of Service, Corporate Finance, presented an update regarding the council's Statement of Accounts for 2019/20 and Accounting Policies for 20/21.
The report highlighted that the audit was not concluded by the 30 November 2020 statutory deadline, due to capacity issues within Grant Thornton. Therefore, as per regulatory requirements, the council had published a notice on its website stating that the audited accounts would be published as soon as reasonably practicable after the receipt of the auditor's findings.
Resolved: That
(i) The position in relation to the external audit of the council's statement of accounts for 2019/20, as presented, be noted.
(ii) The accounting policies for 2020/21, as set out in Appendix A, as presented, be approved.