120 Audit Approach Memorandum PDF 310 KB
The memorandum will provide additional detail regarding Grant Thornton’s audit approach , as set out in the Audit Plan 2011/12 considered by the Committee in January, as well as provide an update on their response to key risks from the results of interim audit work carried out to date.
Minutes:
The memorandum provided additional detail regarding Grant Thornton’s audit approach, as set out in the audit plan 2011/12 issued in January 2012 to Committee, as well as an update on responses to key risks from the results of interim audit work carried out to date. The committee were pointed to pages 83-89 of the report pack which contained a list of financial and accounting risks that would be explored and reported upon in ISA 260 in September.
RESOLVED
That the committee receive the report.