Issue - meetings

(Copy herewith)

The Assistant Head of Finance presented a report outlining a policy to allow the Council’s external auditors (KPMG) to conduct non-audit related work for the Council.  The policy sets out any threats to audit independence that potentially exist, defining the audit and non-audit work that could be shared by the Council and KPMG and also the approval process and corporate reporting mechanisms.  Any assignments that exceeded £20k would be referred to the Audit Committee to test that the independence of audit was not compromised.

RESOLVED:

1.    That the policy as provided at Appendix 1 to the report be approved.

2.    That it be approved that any assignments related to additional audit work that exceed £20k are referred to the Audit Committee to test that the independence of audit is not compromised.

3.    That any additional advisory services from KPMG are approved by the Audit Committee prior to commencement.