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Agenda Item No.

 

 

THE VALE OF GLAMORGAN COUNCIL

 

CABINET: 13TH JANUARY, 2014

 

REFERENCE FROM AUDIT COMMITTEE: 26TH NOVEMBER, 2013

 

 

“           ANNUAL AUDIT LETTER 2012/13 (MD)

 

Committee received the Annual Audit Letter for the 2012/13 financial year. 

 

The review of the Annual Audit Letter was included within the remit of the Audit Committee and its terms of reference as follows:

 

“To consider the external auditor’s annual report and other relevant reports and to make recommendations on their implementation to Cabinet and/or Council as appropriate.â€

 

The Appointed Auditor was required under the Public Audit (Wales) Act 2004 to:

 

Provide an audit opinion of the accounting statements;

Review the Council’s arrangements to secure economy, efficiency and effectiveness in its use of resources and;

Issue a certificate confirming that the Appointed Auditor had completed the audit of the accounts.

 

The letter was designed to communicate their key messages and conclusions to the Council and external stakeholders, including members of the public.

 

The Annual Audit Letter 2012/13 was attached at Appendix A, summarising key issues that arose from the work the external auditors had carried out during 2012/13.

 

In relation to the Statement of Accounts, the Appointed Auditor issued an unqualified audit opinion on the accounting statements confirming that they presented a true and fair view of the Council’s financial position and transactions.

 

Overall the Appointed Auditor was satisfied that the Council had appropriate arrangements in place to secure economy, efficiency and effectiveness.

 

The Appointed Auditor issued a certificate confirming that the audit of the accounts had been completed on 26th September, 2013.

 

RECOMMENED – T H A T the External Annual Audit Letter be endorsed and referred to Cabinet for approval.

 

Reason for recommendation

 

To facilitate monitoring of the audit function.â€

 

 

 

 

 

Attached as Appendix – Report to Audit Committee: 26th November, 2013

 

 

 

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