Decision details

The Committee considered the proposed 2016/17 Annual Audit report to Members and the Controller of Audit in accordance with ISA260 International Standard on Auditing; and a draft letter of representation under ISA 580 to be signed and returned by the Accountable Officer with signed financial statements prior to the independent auditor’s opinion being certified. A summary of each of the main subject areas within the report was given as follows;

·         Audit of the 2016/17 annual accounts;

·         Financial Management;

·         Financial Sustainability;

·         Governance and Transparency; and

·         Value for Money.

Members noted that no issues of substantive concern were raised and once the financial statements had been certified the Annual Audit report would be issued in its final form.

Consideration was also given to a report on Charitable Trusts administered by Argyll and Bute Council reporting to those charged with governance on the 2016/17 audit. The Committee noted that references to the Norman Stewart Institute Trust were in error and will be removed in the final report.

Decision

The Audit and Scrutiny Committee reviewed and noted the draft Annual Audit report.

(Reference: Report by Audit Scotland dated September 2017, submitted)