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.

Content

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.