Issue - meetings

To consider the report of EY, the councils’ external auditor. 

The councils’ external auditor, EY, presented to the committee the audit planning reports for 2019/20—one for South Oxfordshire; one for the Vale.  The report highlighted similar issues that EY would be concentrating on in their 2019/20 audits.  These included risks to the councils’ financial statements from fraud or error, the proper accounting treatment of revenue, property valuations and property income projections, and the correct accounting of the pension liability.  The audits would also assess value for money of matters such as the Five Councils’ Partnership corporate services contracts and the withdrawal of some services from that contract. 

RESOLVED: to note the external auditor’s audit planning reports 2019/20 for South Oxfordshire and the Vale.