Audit & Risk Management Committee 28/9/2011 Part 4

Mike Thomas continued by saying there were a range of issues on pages 38 to 42 which relate to earlier years, which needed to be attended to. There was a recommendation on page 42. There were weaknesses in internal control. He asked the committee to check the quality of the financial statements as there were a significant number of amendments. Project management could be better and the Quality Review dealt with the Value for Money conclusions.

The appendices detailed the changes to the draft, included the unadjusted misstatement of £6 million. There was also a glossary and an Action Plan.

Tom Sault said there was an updated letter of representation with one amendment which was Appendix 6.

Cllr Green asked which one and said he had questions.

Mike Thomas said the appendix replaced page 36, which was drafted on 6th September. The addendum was answering the outstanding questions, the major one outstanding was issue 6.

Cllr Green referred to the qualified Value for Money conclusion. He asked about the £6 million and why it had not been project managed to completion. Which pages were changed he asked?

Mike Thomas said the update was to page 36. The other was to do with appendix 1 of the draft auditor’s report. On the 6th September it changed.

Cllr Green said it had got to be signed off and agreed by Friday and he had only been told on Monday.

Mike Thomas said they were still receiving information. The £6 million was complex and required unwinding to correctly analyse. The amendments wer late, they had worked with council officers to do this by the deadline but timescales had slipped.

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