Issue - meetings

External Auditor's Annual Audit Letter 2014/15

 

 

Meeting: 20/01/2016 - Audit Committee (Item 26)

26 External Auditor's Annual Audit Letter 2014/15 pdf icon PDF 70 KB

Report of KPMG LLP

Minutes:

The Committee received KPMG’s Annual Audit Letter summarising the results of their 2014/15 audit of Lancaster City Council (the Authority), which covered the Authority’s 2014/15 financial statements and the 2014/15 Value for Money (VFM) conclusion.

 

Richard Lee, Senior Manager - KPMG LLP (UK), advised that, on 21st September 2015, KPMG had issued an unqualified conclusion on the Authority's arrangements to secure value for money (VFM) for 2014/15 and an unqualified opinion on the Authority’s financial statements.

 

The External Auditors had concluded that the Authority had made proper arrangements to secure economy, efficiency and effectiveness in its use of resources, and believed that the financial statements gave a true and fair view of the financial position of the Authority and of its expenditure and income for the 2014/15 financial year.

 

Members had the opportunity to raise questions on the Annual Audit Letter, which were answered by the External Auditor.

 

Resolved:

 

That the Annual Audit Letter be noted.