Issue - meetings

That the report be noted.

Officers from Audit Wales provided an overview to the circulated report.

Officers mentioned they intend to issue an unqualified audit opinion, once they have received the signed letter of representation.

During the audit, two further risks were identified which Audit Wales were required to report to Committee. The first risk was around internal charges which had been made throughout the year. Additional  Work was required to be undertaken by the Finance team although the accounts were found to be correctly stated. Audit Wales have made a recommendation for the Council to review the relevant policies and procedures around the presentation of internal recharges.

The second risk identified was a risk around the classification of surplus assets. The initial testing found that an asset had been duplicated and was within both surplus assets and in other land and buildings. There were further errors noted in the report and Audit Wales recommended the Council review the remaining balance during 2024/2025.

There were two errors that had not been amended and management had agreed to amend these in 2024/25.