Agenda item

5.1

Dave Phillips (Head of Strategic Finance) presented the report which gave details of the current challenges in delivering external audit (EA) by all audit providers across the public sector.

5.2

The challenges included increased regulatory requirements, shorter timetables, lower resources and the impact of Covid.  The impact of the resources meant more pressure on local authority staff and mitigation would be required.

5.3

Dave Phillips introduced Janet Dawson who had recently taken over as the Council’s partner at Ernst and Young (external auditor).

5.4

Janet informed Committee that they were currently working through the Redmond Report to see what would be put into place.  There were a limited number of providers and less investment due to a reduction in fees and complex reporting requirements.  There was a need for qualified staff.

5.5

Discussions were underway to understand the fee regime and tenders going forwards.  Talks were also underway with CIPFA about what needed to be reported and Ernst and Young were working closely with key stakeholders.

5.6

RESOLVED:- That the report be noted.