Issue - meetings

Pension Fund Annual Governance Report and Statement of Accounts 2016/17

 

 

Meeting: 14/07/2017 - Audit, Best Value and Community Services Scrutiny Committee (Item 6)

6 Review of the KPMG report to those charged with governance and the Pension Fund Annual Report for 2016/17 pdf icon PDF 143 KB

Report by the Chief Operating Officer

Additional documents:

Minutes:

6.1       The Chief Finance Officer introduced the KPMG report to those charged with governance, together with the Pension Fund Annual Report for 2016/17.

 

6.2       Jo Lees, KPMG Director, outlined that there were no significant risks, other than the mandatory ones of management override of control and fraudulent revenue recognition

 

6.3       The Committee enquired as to the risk posed by the Guaranteed Minimum Pensions (GMPs) Reconciliation.  The Head of Accounts and Pensions acknowledged that it may be a risk going forward, but it did not affect the accounts for 2016/17 under discussion.

 

6.4       The Committee RESOLVED to (1) note the report; and

 

(2) confirm that there are no concerns arising from the Independent Auditor’s (KPMG) Report that need to be brought to the attention of the Pension Committee.