Issue

Issue - meetings

External Audit Plan

 

 

Meeting: 10/03/2020 - Governance Committee (Item 68)

68 External Audit Plan pdf icon PDF 450 KB

Report by Grant Thornton (attached).

Minutes:

The Committee considered a report by Grant Thornton regarding the External Audit Plan 2019/20, (circulated previously).

 

The External Auditor, Mr Barber, highlighted the following:

 

·         Pension liability was looked at in greater detail and this was a large area of work to be undertaken

·         The materiality was set at £1.1- million for the Authority which equated to 2% of the prior year gross expenditure for the year.  North Devon Council were considered a low risk.

·         A new risk identified was International Financial Reporting Standard (IFRS) 16 Leases.

 

RESOLVED that the External Audit Plan for 2019/20 be noted.