Simon Mathers & Charmaine Cruz (EY) introduced the report and responded to members’ questions thereon. Mr Mathers advised that the situation remained as previously reported that it was expected that they issue a disclaimer of opinion for the 2022/23 accounts with the intention of delivering the 2023/24 audit on time, in accordance with the audit plan.
The Chief Finance Officer also responded to questions regarding the council’s annual revaluation of its assets and budgeting for the auditor’s fees.
RESOLVED:
1. That the external auditor’s Audit Strategy for 2023/24 and the impact of the disclaiming of the 2022/23 audit opinion be noted.
2. That the indicative 2023/24 annual audit fee be approved.