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Agenda and minutes

This meeting will start at the rising of Audit and Standards Advisory Committee, Audit and Standards Committee - Wednesday 10 July 2019 8.00 pm

Venue: Boardrooms 7&8 - Brent Civic Centre, Engineers Way, Wembley HA9 0FJ. View directions

Contact: Kunwar Khan, Governance Officer  Tel: 020 8937 2037; Email:  kunwar.khan@brent.gov.uk

Note: This meeting will start at the rising of Audit and Standards Advisory Committee 

Items
No. Item

1.

Apologies for absence and clarification of alternate members

Minutes:

An apology for absence was received from Councillor Naheerathan.

2.

Declaration of Interests

Members are invited to declare at this stage of the meeting, the nature and existence of any relevant disclosable pecuniary or personal interests in the items on this agenda and to specify the item(s) to which they relate.

 

Minutes:

None received.

3.

Deputations (if any)

To hear any deputations received from members of the public in accordance with Standing Order 67.

Minutes:

There were no deputations.

4.

Minutes of the previous meeting pdf icon PDF 56 KB

To approve the minutes of the Audit and Standards Committee held on 24 April 2019 as a correct record.

 

Minutes:

RESOLVED that the minutes of the Audit and Standards Committee held on Wednesday 24 April 2019 be approved as an accurate record.

5.

Statement of Accounts 2018/19 & External Auditor's Reports pdf icon PDF 87 KB

The Committee is asked to review the report to those charged with Governance from the External Auditor and:

 

·         consider the key issues and recommendations;

·         consider the corrected audit differences;

·         approve the statement of accounts; and

·         approve the letter of representation to the External Auditor.

 

(Please see supplemental agenda pack for to follow reports for this item)

Additional documents:

Minutes:

Following the resolution (ii) of Minute item 9 of the Audit and Standards Advisory Committee meeting on 10 July 2018, the Audit and Standards Committee unanimously decided to accept the recommendation and approve the draft Statement of Accounts and two letters of representation to the Council’s External Auditor, Grant Thornton.

 

In considering subsidiary account of Investment for Brent (i4B) and First Wave Housing (FWH) and the Council’s audit process, the Committee noted the advice given by Grant Thornton to the Audit and Standards Advisory Committee on 10 July that these two components (i4B and FWH) were not a material consideration due to their size and activity under the principle of ‘materiality’.

 

It was RESOLVED that:

 

(i)       The draft Statement of Accounts 2018/2019 be approved;

(ii)       The letters of representation to Grant Thornton be approved;

(iii)      The Chair be authorised to sign the Statement of Accounts 2018/19 and letters of representation once it had been finalised; and

(iv)      The signed Statement of Accounts 2018/19 be circulated to Members.

 

The meeting closed at 8.01pm

 

 

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