Report of the Managing Director
The Managing Director submitted a report (previously circulated) to update Members on the outcome of the Independent Review into the Oversight of Local audit and the Transparency of Local Authority Financial Reporting.
It was reported that in June 2019 the Secretary of State for the Ministry of Housing, Communities and Local Government invited Sir Tony Redmond to conduct a review of the arrangements in place to support the transparency and quality of local authority financial reporting and external audit including those introduced by the Local audit and Accountability Act 2014.
The submitted report summarised the findings and recommendations of the review and the subsequent Government response.
Members discussed additional training for Members of Audit Committee and the recommendation to appoint an Independent Person on the Audit Committee.
RESOLVED – That the report be noted.