Issue - meetings

Statement of the Chair of the Audit Committee

The Chairman of the Audit Committee, Councillor Wall, explained that last year Council had delegated authority to the Audit Committee to review and approve the audited Statement of Accounts. 

The Audit Committee had discussed the Statement of Accounts 2010/11 at their meeting on the 23 September and identified no issues for further investigation and as such Councillor Wall had signed the accounts to signify their approval by the Council. 

He highlighted that KPMG had described their audit of the financial statements as a ‘model audit’ owing to the excellent quality of the accounts and supporting papers.  Staff were to be commended for this, given that this had been achieved in the first year of a new accounting system.

The Cabinet Member Corporate Services highlighted that not only had this been the first year of a new accounting system, officers had undertaken a sizeable piece of work to re-do last years accounts in order to draw comparisons, for which officers were to be congratulated. 

Upon a vote it was unanimously

RESOLVED that Council note the decision of the Audit Committee to approve the Statement of Accounts for 2010/11, including the Annual Governance Statement and note that the Chair of the Audit Committee, Councillor Wall, signed the accounts to formally signify their approval by the Council.