Agenda item - Ernst & Young: February 2017 External Audit Progress Report
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Agenda item
Ernst & Young: February 2017 External Audit Progress Report
Report of Ernst & Young
Decision:
1) That the Committee note the report
Minutes:
78.1 The Committee considered a report of Ernst & Young that provided an update on the progress against their 2016/17 audit and updated Members on any recent developments or changes to accounting requirements.
78.2 Councillor Morris asked if the investigation into the objection made in relation to Lender Option Borrower Option (LOBO) loans remained confidential.
78.3 The Assistant Manager- Ernst & Young confirmed that there were strict processes in place in relation to such types of investigation and the issue remained confidential.
78.4 RESOLVED- That the Committee note the report.
Supporting documents:
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EY February 2017 Progress Report cover sheet for Audit Standards Committee, item 78.
PDF 9 KB -
17 BHCC - Progress Report February 2017 v2 (4), item 78.
PDF 96 KB