Issue - meetings

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.