Issue - meetings

The External Auditor submits an Annual Audit Letter which summarises the key findings from the 2014/15 audit of Leicester City Council, and audit fee. The Committee are asked to note the report.

The External Auditor submitted the Annual Audit Letter 2014/15, which summarised the key findings from the 2014/15 audit of Leicester City Council and set out the audit fee for 2014/15.

John Cornett, Director of KPMG, introduced the report.  He drew Members’ attention to the qualified value-for-money conclusion that had been issued for 2014/15.  This was due to the report issued in March 2015 by the Office for Standards in Education that concluded that the Council’s children’s services were inadequate.

The Committee noted that the audit fee for 2014/15 was higher than planned, due to additional work needed in relation to the value for money issues.

An unqualified opinion of the 2014/15 accounts had been issued.

RESOLVED:

That the report be noted.