Issue - meetings
LIBERTY LEISURE EXTERNAL AUDIT
Meeting: 20/05/2019 - Governance, Audit and Standards Committee (Item 8)
8 LIBERTY LEISURE - EXTERNAL AUDIT ARRANGEMENTS 2018/19 
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To provide the Committee with details of the requirement for Liberty Leisure to be subject to an external audit for 2018/19 and recommend a way forward.
Minutes:
The Committee were provided with details of the requirement for Liberty Leisure to be subject to an external audit for 2018/19. The accounts of Liberty Leisure must be subject to an audit due to the company being a subsidiary of an entity that does require an audit.
Liberty Leisure are able to obtain a specific audit exemption for under section 479 of the Companies Act 2006 by obtaining a guarantee from the Council.
RESOLVED that Liberty Leisure be exempted from requiring an external audit for 2018/19 in accordance with Part 16, Section 479 of the Companies Act 2006.