Update from BDO, External Auditors
To receive a verbal update from BDO
Minutes:
BDO, the External Auditors, did not attend the meeting as there was little to report due to the delay in KPMG, the previous external auditors, finalising the Statement of Accounts for 2018/19 and issuing the Value for Money opinion.
Terry Collier, Deputy Chief Executive, advised that KPMG are still considering their value for money opinion and had recently requested additional information. Officers were hoping to respond quickly to try to bring the situation to an end. Arrangements will be made for BDO to come to complete their work as soon as possible.
The Committee expressed their dissatisfaction with the situation and considered the options available to record their concern at the lack of progress and how KPMG could be brought to complete their findings.
Resolved to note the update and escalate concerns to Public Sector Audit Appointments Ltd (PSAA) if KPMG have not completed the value for money opinion by the end of 2019.