Agenda and minutes

Members are requested to declare the existence and nature of any disclosable pecuniary interest and/or other interest in any item on the agenda.

There were no declarations of interest.

The Committee is asked to confirm as a correct record the minutes of the meeting held on 30 November 2020.

The minutes of the meeting held on 30 November 2020 were confirmed a correct record.

The Committee noted the Audit Completion Report.

The Committee noted the Annual Audit Letter 2019/20, as provided by the Council’s external auditor, Mazars.

This report provides the Committee with an overview on progress in delivering Mazar’s responsibilities as the Council’s external auditors.

The Committee noted the Broxtowe Audit Strategy Memorandum.

To provide additional details of actions being undertaken in response to the   recommendations made by the external auditors in their Audit Completion Report on the external audit of the Council’s 2019/20 accounts.

The Committee noted the actions being undertaken in response to the   recommendations made by the external auditors in their Audit Completion Report on the external audit of the Council’s 2019/20 accounts.

To provide Members with any updates made to the Council’s accounting policies in relation to the production of the 2020/2021 financial statements.

The Committee noted the update to the Statement of Accounts 2020/21 – Accounting Policies.

It was noted that these policies would be applied to the treatment of all transactions that make up the Statement of Accounts to ensure the accounts present a true and fair view of the financial position of the Council as at 31 March 2021.

RESOLVED that the Accounting Policies for 2020/2021 be approved.

To provide Members with information regarding the assumptions made by the pension fund actuary in calculating the IAS 19 (International Accounting Standard 19 - Employee Benefits) figures to be reported in the 2020/2021 Statement of Accounts.

The Committee noted the assumptions made by the pension fund actuary in calculating the IAS 19 (International Accounting Standard 19 - Employee Benefits) figures to be reported in the 2020/2021 Statement of Accounts.

To inform the Committee of the recent work completed by Internal Audit.

The Committee noted Internal Audit Progress report. It was reported that Internal Audit had reviewed progress made by management in implementing agreed actions within six months of the completion of the respective audits. 

To approve the Internal Audit Plan for 2021/22.

The Committee reviewed the Internal Audit Plan 2021/22.

The Internal Audit Plan governs the activity for the year.  An audit report is produced at the completion of each assignment with recommendations for improvement.  Regular progress reports covering all internal audit activities are submitted to this Committee for scrutiny. 

RESOLVED that the Internal Audit Plan for 2021/22 be approved.

To recommend approval of amendments to the Strategic Risk Register and the action plans identified to mitigate risks.

The Committee considered amendments to the Strategic Risk Register and the action plans identified to mitigate risks.

RESOLVED that the amendments to the Strategic Risk Register and the actions to mitigate risks as set out in appendix 2 be approved.

To consider items for inclusion in the Work Programme for future meetings.

The Committee consider the Work Programme.

RESOLVED that the Work Programme be approved.