Agenda item - 2014/15 financial statements and annual governance statement

Report of the Interim Director Finance & Resources (copy attached).

That the Audit & Standards Committee:

1)            Notes the findings of EY in their Audit Results Report (ARR). The ARR is a separate item on this agenda.

2)            Notes the outcome of the asset revaluation audit issue and any related misstatement or adjustment to the 2014/15 accounts (paragraph 6.3 and Appendix 4).

3)            Notes the results of the public inspection of the accounts (Section 9).

4)            Approves the Letter of Representation on behalf of the council (Appendix 1).

5)            Approves the audited accounts for 2014/15.

6)            Notes the updated Annual Governance Statement.

32.1      The Committee considered a report of the Interim Executive Director of Finance & Resources that provided information about the audit of the council’s 2014/15 Statement of Accounts and recommended approval of the 2014/15 audited accounts and the Letter of Representation on behalf of the council. The report also provided information about additional disclosure in the Annual Governance Statement.

32.2      RESOLVED-

That the Audit & Standards Committee:

1)        Notes the findings of EY in their Audit Results Report (ARR). The ARR is a separate item on this agenda.

2)        Notes the outcome of the asset revaluation audit issue and any related misstatement or adjustment to the 2014/15 accounts (paragraph 6.3 and Appendix 4).

3)        Notes the results of the public inspection of the accounts (Section 9).

4)        Approves the Letter of Representation on behalf of the council (Appendix 1).

5)        Approves the audited accounts for 2014/15.

6)        Notes the updated Annual Governance Statement.