34 Annual Audit Letter PDF 1 MB
To inform Members of the External Audit activity progress.
Minutes:
Umais Asghar from Deloitte presented this item. The letter summarised the outcome of the audits carried out in 2021/22.
The flowing answers were given in response to questions from Members:
In response to The Chair, Councillor Pearcy, the Accountancy Manger explained that the valuations were carried out by an external valuer and that Covid had an impact on revenue which in turn lowered the value of the car parks. The Strategic Director of Resources also confirmed that there were complex rules around valuing assets and that it was based on a long term assessment of rental income.