Issue - meetings

Review of Annual Pension Fund Governance Report and 2021/22 Statement of Accounts

 

 

Meeting: 18/11/2022 - Audit Committee (Item 29)

29 Review of Annual Pension Fund Governance Report and 2021/22 Statement of Accounts pdf icon PDF 213 KB

Report by the Chief Finance Officer 

Additional documents:

Minutes:

29.1     The Committee considered a report by the Chief Finance Officer and received a presentation by the external auditors, Grant Thornton (GT) of their draft Audit Findings Report which went to the Pension Board on 15 November 2022 and will be considered by the Pension Committee on 30 November 2022.

 

29.2     The Committee discussed issues around Pension Working Papers and the further engagement that will occur between GT, the Pension Team and the Finance Team to ensure that the Pension Working Papers meet requirements for inspection by the external auditors.

 

29.3     The Committee noted the delay of the final report due to GT being unable to sign off the final audit opinion until a statutory override for Infrastructure Asset valuation has been issued by CIPFA.

 

29.4     The Committee RESOLVED to:

 

1) note the report and appendix; and

 

2) delegate review of the final Independent Auditor’s (GT) report to the Chair and Vice Chair of the Audit Committee so long as there are no significant changes to the draft report.