Issue - meetings
Accounting Policies
Meeting: 19/03/2024 - Audit Committee (Item 19)
19 Accounting Policies 
PDF 381 KB
To note the 2023-24 accounting policies.
Additional documents:
- Appendix A - 2023-24 Accounting Policies (Council only), item 19
PDF 1 MB
- Appendix B - 2023-24 Group Accounting Policies, item 19
PDF 782 KB
Minutes:
The Committee received a report from the Chief Accountant on the 2023-2024 Accounting Polices for Spelthorne Borough Council alongside those for its subsidiaries Knowle Green Estates Ltd and Spelthorne Direct Services Ltd.
The Chief Accountant advised that while there was a view that Accounting Policies for Council’s had become too complex and should be reduced, it was felt that in light of having no audit for five years, the policies should remain as they are at present and then work would be done with Grant Thornton to remove some of the immaterial policies.
The Committee resolved to note the 2023-24 accounting policies.