Issue - meetings
External Audit - NESPF 2022-23 Annual Audit Plan
Meeting: 24/03/2023 - Pensions Committee and Pension Board (Item 10)
10 External Audit - NESPF 2022-23 Annual Audit Plan PDF 289 KB
Minutes:
The Committee had before it a report by the External Auditor on the NESPF Annual Audit Plan for 2022/23. Members heard from Mr Michael Oliphant and Ms Anne MacDonald on the detail of the report.
The report summarised the work plan for the 2022/23 external audit of the North East Scotland Pension Fund, with the main elements to include:-
· evaluation of the key controls within the main accounting systems
· an audit of the annual accounts, leading to an independent audit opinion
· independent audit opinions on statutory information published in the
annual accounts, comprising the Management Commentary, the Annual
Governance Statement and the Governance Compliance Statement and
· consideration of arrangements in relation to wider scope areas: financial
management; financial sustainability; vision, leadership and governance; and use of resources to improve outcomes.
Members asked a number of questions on the report, particularly around cyber security and lessons learned from incidents at other organisations; and the proposed work to be undertaken around climate change.
The Committee resolved:-
(i) to note that officers would bring information to a future meeting on assurances and controls in place around cyber security, including in relation to cyber security at organisations in which the Fund invested; and
(ii) to otherwise note the report.