Agenda
Venue: Scaitcliffe House, Ormerod Street, Accrington
Contact: Holly Townsley Democratic Services (01254) 380136
No. | Item |
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Apologies for Absence, Declarations of Interest, Dispensations and Substitutions |
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Minutes of the Last Meeting The Minutes of the Audit Committee held on the 9th of December 2024 were submitted for approval as a correct record.
Recommended – That the minutes be received and approved as a correct record. |
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Audit Plan Progress Report To inform members of the Audit Reports issued during the period December 2024 – February 2025 and bring to the attention of the Committee what the key issues were.
Recommended – That the report be noted for informational purposes. |
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Follow Up Progress Report To inform members of the outcome of routine follow-ups following the previously agreed action plans for completed audit reports. The follow-ups detailed within this report are those carried out during the period November 2024 to February 2025.
Recommended – That the report be noted for informational purposes.
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Audit Plan 2025/2026 To inform Audit Committee about the Internal Audit Plan for the financial year 2025/26 and to request that Audit Committee approves the proposed Internal Audit Plan for 2025/26.
Appendix Attached – Internal Audit Plan
Recommended – That the committee approve the Internal Audit Plan for the financial year 2025/2026.
Additional documents: |
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Statement of Accounts 2023/2024 This report seeks the Committee’s approval for the Council’s Statement of Accounts for 2023/24 so that they can be published by the statutory backstop deadline of 28th February 2025.
Appendix 1 – Statement of Accounts Appendix 2 – Letter of Representation
Recommended – The Audit Committee is recommended; • Approve the Statement of Accounts for 2023/24 as presented at Appendix 1 and, in doing so, agree that the Chairman of the Committee sign the Statement of Accounts as appropriate; • Approve the Letter of Representation for 2023/24 shown in Appendix 2.
Additional documents: |
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Update on External Audits The report is to inform the committee on the management actions required following the external audit work on the Annual Statement of Accounts for 2023/24 and the Council’s Value for Money Arrangements for 2023/24
Recommended – The Audit Committee is recommended to note the following; • The auditor’s recommendations on the Statement of Accounts 2023/24 with the management actions listed in Appendix 1 of Item 6. • The auditor’s recommendations on the Value for Money arrangements with the management actions listed at Appendix 2 of Item 6.
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Application of Accounting Policies To allow the Committee to review and consider the proposed Accounting Policies to be used in the preparation of the Council’s Statement of Accounts 2024/25 and update Committee on any changes to the accounting policies used between years.
Appendix 1 – Accounting Policies
Recommended – The Audit Committee is recommended to note the use of the Accounting Policies as set out in Appendix 1 for the preparation of the Council’s Statement of Accounts 2024/25.
Additional documents: |
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External Audit Verbal update from External Auditors Forvis Mazars |