Issue - meetings
Auditor letter on the application of the local authority backstop
Meeting: 16/10/2024 - Council (Item 13.)
Additional documents:
- update letter on the backstop for audited bodies - GT, 19/09/2024 Audit and Governance Committee, item 13.
PDF 225 KB
- Minutes , 19/09/2024 Audit and Governance Committee, item 13.
PDF 173 KB
Meeting: 19/09/2024 - Audit and Governance Committee (Item 18)
18 Auditor letter on the application of the local authority backstop PDF 225 KB
Minutes:
Peter Barber from Grant Thornton update Members about the backstop. He agreed this was not a desired position to be in and that this was a sector-wide problem across the Country. He pointed out that this did give an opportunity for a reset to work with the 2023/24 accounts onwards while meeting deadlines. The Committee’s remit was to make sure that this happened as this was public money, with the council needing to prepare audited accounts.
The Chair stated that the ramifications for the 2021/22 and 2022/23 accounts going forward would impact future audits. Peter Barber confirmed this position but stated Grant Thornton were undertaking further work due to the backstop to give confidence in accounts going forward.
RECOMMENDED to Council;
That the backstop for 2021/22 and 2022/23 be recommended to Council with a covering report from the Director of Finance to explain the position for Members understanding.