AUDIT OF ACCOUNTS: To receive and consider the audited accounts, associated management accounts and management letter for 2005/06. (Report of the General Manager and external auditors) TO FOLLOW
Minutes:
The General Manager – Mr Holder advised the Board that the audited accounts were normally submitted to the first meeting of the Board in the Municipal Year. He apologised that that on this occasion, due to delays caused by the application of SORP 2005 and associated allocation of costs within the SORP definitions together with the requirement for full application of FRS 17 in respect of pension deficits, the external independent auditors had not yet concluded their work. The accounts and audit opinion would be submitted to a future meeting of the Board.