Please find attached Annual Audit Report for the Council as issued by Audit Scotland.
The annual audit plan contains an overview of the planned scope and timing of the audit work which is carried out in accordance with International Standards on Auditing (ISAs), the Code of Audit Practice, and guidance on planning the audit. This plan sets out the work necessary to allow Audit Scotland to provide an independent auditor’s report on the annual accounts and meet the wider scope requirements of public sector audit including the audit of Best Value.
The wider scope of public audit contributes to assessments and conclusions on financial management, financial sustainability, governance and transparency and value for money.
Based on Audit Scotland’s discussions with staff, attendance at committee meetings and a review of supporting information they have identified the risks in relation to Covid recovery and transformation. Audit Scotland have categorised these risks into financial statements risks and various others into wider dimension risks. The key audit risks, which require specific audit testing, are detailed in Exhibit 6 to the Report.
Under normal circumstances Audit Scotland would have been happy to take questions at Committee and engage with Members in relation to any aspect of the Report. Should Members wish to take up this offer their contact details are as follows.
Fiona Mitchell-Knight – FMitchell-Knight@audit-scotland.gov.uk
Peter Lindsay – PLindsay@audit-scotland.gov.uk