Agenda item

To consider the Audit Results Report 2018/19.

David Eagles gave a summary of the report and apologised on behalf of BDO for not having the audit completed. There had been staffing issues across the whole of the sector and these had been affecting BDO. The audit would be completed by 31 July, which was the date that the statement of accounts needed to be signed off.

The primary outstanding issue was that a pension fund adjustment; officers had challenged BDO as to whether it was necessary for an adjustment to take place. BDO would need to respond to the Committee on this point.

In response to a Member question, David Eagles said prior period adjustment was a simpler way of accounting which is why the Council had chosen to adopt this method of treatment of forward starting loans.

RESOLVED that because the audit results report was incomplete, while other items on the agenda would be considered that night, the Committee would adjourn until 30 July at 17.30.