External Audit 2021/22
June 17, 2022 Pension Fund Committee (Committee) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Pension Fund Committee approved the external audit plan for 2021/22 on 17 June 2022. The plan outlines the work required to provide an opinion on the financial statements of the Lancashire County Pension Fund.
Full council record
Purpose
To provide the committee with information on the external audit plan for 2021/22. The plan sets out in broad terms the programme of work required to give an opinion on whether the financial statements give a true and fair view of the financial position and performance of the Lancashire County Pension Fund as at 31 March 2022, and that the accounts have been prepared in accordance with proper accounting practice.
In addition, a revised audit standard – ISA (UK) 540 Auditing Accounting Estimates and Related Disclosures – takes effect for external audits relating to periods beginning on or after 15 December 2019. Further detail on this is provided in this report.
Details
| Outcome | Recommendations Approved |
| Decision date | 17 Jun 2022 |