Decisions for issue External Audit Plan and Informing the Audit Risk Assessment 2023/24

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.