Issue - meetings

(i)       to note that an unqualified independent audit opinion was likely to be issued for the annual accounts and the registered charities for the financial period 1 April 2017 to 31 March 2018;

(ii)      to note that an action plan to address the recommendations for improvement from External Audit had been agreed by management;

(iii)      in response to a question from Councillor Donnelly regarding the value of Marischal Square, to note that the reason for this was due to the change in the lease from an operational lease to a financial lease and that the valuations would be undertaken each year;

(iv)     in response to a question from the Convener regarding implementation dates of August 2018 contained within the Action Plan, to request the Interim Chief Officer Finance to provide an update at the September meeting of this Committee as to whether those actions had been completed; and

(v)      to otherwise note the content of the report.

The Committee had before it a report by KPMG, the External Auditor which provided a summary of their audit opinions and conclusions on significant issues arising form the audit of the 2017/18 Council accounts and the accounts for registered charities.

The Committee resolved:-

(i)       to note that an unqualified independent audit opinion was likely to be issued for the annual accounts for the Council and the registered charities for the financial period 1 April 2017 to 31 March 2018;

(ii)      to note that an action plan to address the recommendations for improvement from External Audit had been agreed by management;

(iii)      in response to a question from Councillor Donnelly regarding the value of Marischal Square, to note that the reason for this was due to the change in the lease from an operational lease to a financial lease and that the valuations would be undertaken each year;

(iv)     in response to a question from the Convener regarding implementation dates of August 2018 contained within the Action Plan, to request the Interim Chief Officer Finance to provide an update at the September meeting of this Committee as to whether those actions had been completed; and

(v)      to otherwise note the content of the report.