Issue - meetings

To consider the report of the Council’s External Auditor.

Geraldine Daly, Audit Director, Grant Thornton presented the External Audit Fee Letter 2017/18. She summarised the planned audit fee for 2018/19, which had been set as £44,573 by the Public Sector Audit Appointments Ltd (PSAA), but had been reduced by 23%. The scale fees were based on the expectation that audited bodies would provide the auditor with financial information within an agreed time.

She discussed the value for money conclusions, which would assess if Exeter City Council had made arrangements to secure value for money. The outline audit timetable detailed audit work that would take place between November and February. Grant Thornton would then issue a detailed audit plan for completion by July 2019.

The Audit and Governance Committee noted the External Audit Fee Letter 2017/18.