The Committee considered a report by Grant Thornton – Informing the Risk Assessment (circulated previously).
The External Auditor (PB) confirmed that:
· The report had been created jointly with NDC.
· It covered accounting estimates in greater detail with more emphasis on management responses and best practice.
· It had been presented to the Committee to enable the inclusion of any addition comments provided by the Members and also to seek formal, minuted agreement of the report.
RESOLVED that the Informing the Audit Risk Report be noted.