Issue - meetings

Grant Thornton progress report.

The Chair asked for a brief introduction of the report.

Mr Paul Hughes – Grant Thornton advised the Committee that following on from its consideration of the full audit plan and updated audit fee in February 2010, as part of the 2010 Grant Thornton had commenced work with the Council to prepare the 2009/10 accounts.  Interim work was underway and an update on key issues would be presented to the Committee in June 2010.  The final year end accounts would be audited between July and September 2010 and those results would be reported as part of the report to those charged with governance (ISA260).

Mr Hughes further outlined progress with:

·        International Financial reporting Standards,

·         the use of resources and data quality 2010

·        Grants 208/09

·        Indicative fees letter 2010/11.

The Chair asked Mr Bartle – Head of Corporate Finance to give a view as to the Accounts workshop at Grant Thornton.  Mr Bartle responded that he attended the workshop annually and it had been a practical exercise in accounting and the pragmatic use of time.

The Chair referred to the fact that the Indicative fees letter had not been attached to the report as reported, and therefore the implications of that letter could not be considered at this meeting and would have to be deferred to the following meeting.

There being no further points of clarification the Chair summarised and it was:

RESOLVED

That the contents of the report be noted and that consideration of the Indicative Fees letter be deferred to the next meeting of the Audit Committee given its omission from the circulated report.