Issue - items at meetings - Audit Commission Annual Governance Report 2009/10

Report of the Audit Commission (copy attached).

34.1      RESOLVED- That the Audit Committee:

1) The Director of Finance & Resources, as the Section 151 Officer, is authorised to sign the financial statements on behalf of the Committee.

2)     Note the adjustments to the financial statements set out in the report

3)     Decline to amend the errors identified by the Audit Commission

4)     The Committee agrees to set out in the Letter of Representation the reasons for not adjusting the errors in the financial statements.

5)     Approves the letter of representation to the Council

6)     Agree the proposed action plan

33.1.         The Committee considered a report of the Audit Commission that summarised the key findings of their 2009/10 audit. The District Auditor introduced the report and stated that she was in a position to give an unqualified audit opinion, that subject to investigation into a matter that had arisen that day, the financial statements were free from material error, there was an adequate internal control environment and that there were adequate arrangements to secure value for money. She added that two misstatements had been identified and recommended to the Committee that these be amended.

33.2.         RESOLVED- That the Audit Committee:

1)  The Director of Finance & Resources, as the Section 151 Officer, is authorised to sign the financial statements on behalf of the Committee.

2)     Note the adjustments to the financial statements set out in the report

3)     Decline to amend the errors identified by the Audit Commission

4)     The Committee agrees to set out in the Letter of Representation the reasons for not adjusting the errors in the financial statements.

5)     Approves the letter of representation to the Council

6)     Agree the proposed action plan