Decision - External Audit Plan and Informing the Audit Risk Assessment 2023/24
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Decision details
External Audit Plan and Informing the Audit Risk Assessment 2023/24
Decision Maker: Audit, Standards & General Purposes Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Purpose:
Informs the committee of the External Auditors
plan and approach for the 2023/24 audit of accounts together with
an assessment of risks likely to be considered in planning the
audit.
Decision:
RESOLVED –
That the Audit, Standards, and General Purposes Committee:
1) Notes and considers the documents and notifies the external auditor if there are any additional matters that it considers may also impact on the planned audit work and context for the financial year ending 31 March 2024.
2) Notes both the external audit plan and informing the audit risk assessment for 2023/24.
3) Approves an increase of the existing accounting policy of a de minimis level of £20,000 for capitalisation of plant, property, and equipment up to £50,000, and authorises the Chief Finance Officer to make necessary changes to the council’s accounting policies to reflect the increase.
Report author: Nigel Manvell
Publication date: 26/06/2024
Date of decision: 25/06/2024
Decided at meeting: 25/06/2024 - Audit, Standards & General Purposes Committee
Accompanying Documents:
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