Issue - meetings

Local Government Sector Update Report

Meeting: 24/09/2018 - Audit and Standards Committee (Item 37)

37 Local Government Sector Update Report pdf icon PDF 859 KB

Report of Ernst & Young.

Minutes:

Vishal Savjani introduced this report drawing Members’ attention to the section on key questions for the Audit Committee.  Members asked if the Committee was in a position to answer these questions.  Mr Savjani stated the Director of Finance and Resources was aware of these questions and had taken them into consideration in producing the Medium Term Financial Strategy.  Members stated that they should reassure themselves that they could answer these questions.  In regard to interest rates, quoted on page 46 of the report, Members asked if there was an accepted norm.  Mr Savjani stated that he would go back to Ernst and Young’s experts in this field and let the Committee have a response.

 

RESOLVED: a) That the interim Head of Internal Audit and Financial Services request a written response to the key questions for the Audit Committee referred to in the report from the Director of Finance and Resources b) That Ernst and Young report back on the question regarding interest rates.