South Staffordshire Council - Statement of Audit Progress  FINAL
7 pages
English
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South Staffordshire Council - Statement of Audit Progress FINAL

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7 pages
English

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Audit Summary Report January 2007 Statement of Audit Progress South Staffordshire Council Audit 2006-2007 External audit is an essential element in the process of accountability for public money and makes an important contribution to the stewardship of public resources and the corporate governance of public services. Audit in the public sector is underpinned by three fundamental principles: • auditors are appointed independently from the bodies being audited; • the scope of auditors' work is extended to cover not only the audit of financial statements but also value for money and the conduct of public business; and • auditors may report aspects of their work widely to the public and other key stakeholders. The duties and powers of auditors appointed by the Audit Commission are set out in the Audit Commission Act 1998 and the Local Government Act 1999 and the Commission's statutory Code of Audit Practice. Under the Code of Audit Practice, appointed auditors are also required to comply with the current professional standards issued by the independent Auditing Practices Board. Appointed auditors act quite separately from the Commission and in meeting their statutory responsibilities are required to exercise their professional judgement independently of both the Commission and the audited body. Status of our reports The Statement of Responsibilities of Auditors and Audited Bodies issued by the Audit Commission explains the ...

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Audit Summary Report
January 2007
Statement of Audit
Progress
South Staffordshire Council
Audit 2006-2007
© Audit Commission 2007
For further information on the work of the Commission please contact:
Audit Commission, 1st Floor, Millbank Tower, Millbank, London SW1P 4HQ
Tel: 020 7828 1212 Fax: 020 7976 6187 Textphone (minicom): 020 7630 0421
www.audit-commission.gov.uk
External audit is an essential element in the process of accountability for public
money and makes an important contribution to the stewardship of public
resources and the corporate governance of public services.
Audit in the public sector is underpinned by three fundamental principles:
auditors are appointed independently from the bodies being audited;
the scope of auditors' work is extended to cover not only the audit of financial
statements but also value for money and the conduct of public business; and
auditors may report aspects of their work widely to the public and other key
stakeholders.
The duties and powers of auditors appointed by the Audit Commission are set out
in the Audit Commission Act 1998 and the Local Government Act 1999 and the
Commission's statutory Code of Audit Practice. Under the Code of Audit Practice,
appointed auditors are also required to comply with the current professional
standards issued by the independent Auditing Practices Board.
Appointed auditors act quite separately from the Commission and in meeting their
statutory responsibilities are required to exercise their professional judgement
independently of both the Commission and the audited body.
Status of our reports
The Statement of Responsibilities of Auditors and Audited Bodies issued by the
Audit Commission explains the respective responsibilities of auditors and of the
audited body. Reports prepared by appointed auditors are addressed to
non-executive directors/members or officers. They are prepared for the sole use
of the audited body. Auditors accept no responsibility to:
any director/member or officer in their individual capacity; or
any third party.
Copies of this report
If you require further copies of this report, or a copy in large print, in Braille,
on tape, or in a language other than English, please call 0845 056 0566.
Statement of Audit Progress
Contents
3
South Staffordshire Council
Contents
Introduction
4
Audit coverage and inputs
4
Work in progress
4
Appendix 1 – Audit Progress
5
2005/06 Programme - outputs due October to December 2006
5
2006/07 Audit Programme - progress to date
6
4
Statement of Audit Progress │ Audit Summary Report
South Staffordshire Council
Introduction
1
This report sets out our progress against the 2005/06 and 2006/07 audit plans.
Audit coverage and inputs
2
During the period October - December we have issued the following documents
to officers that we wish to bring to your attention.
Final Accounts Memorandum, which provides the more detailed findings from
our 2005/06 opinion work.
Unqualified certificates for the following grant claims:
-
2005/06 NNDR Return; and
-
2005/06 Disabled Facilities.
Our opinion on the 2006/07 Best Value Performance Plan.
Report on the 2006/07 Data Quality Review.
Work in progress
3
At this time we are working on the following pieces of work which will complete
the delivery of the 2005/06 Audit Plan.
The Annual Audit Letter 2005/06.
2005/06 Housing and Council Tax Benefits Claim. We are undertaking
extended testing on the claim due to the level of errors identified from our
initial samples.
4
We have also continued to progress work against our 2006/07 audit plan.
2006 Use of Resources Scores.
5
We continue to have regular updates with key staff and Internal Audit, and review
all risks associated with the Authority's business.
6
There are no other issues that we wish to bring to your attention.
Statement of Audit Progress
Appendix 1 – Audit Progress
5
South Staffordshire Council
Appendix 1 – Audit Progress
2005/06 Programme - outputs due October to December 2006
Programme
Progress
Main
conclusions/findings
Deadline for draft
report
Audit Committee
Meeting
Interim audit
memorandum
Completed - part of the
final accounts
memorandum
Our finding informed the
level of additional testing
required for the opinion.
April 2006
January 2007
Report to those charged
with governance (ISA
260)
Completed
An unqualified opinion
was given on the
financial statements.
September 2006
September 2006
Final accounts
memorandum
Completed
General improvement
from last year, however
there are still areas
where improvements can
be made.
December 2006
January 2007
Annual audit and
inspection letter
(including direction of
travel assessment)
Ongoing
This will be presented at
the June audit committee
February 2007
March 2007
6
Statement of Audit Progress
Appendix 1 – Audit Progress
South Staffordshire Council
2006/07 Audit Programme - progress to date
Programme
Progress
Main
conclusions/findings
Deadline for draft
report
Audit Committee
meeting
Audit and Inspection
Plan
Completed
Agreed by the Audit
Committee.
March 2006
August 2006
Interim Audit
Memorandum
Outstanding - work due
to start in February 2007
N/A
April 2007
June 2007
BV PP Opinion and PI
Audit Memorandum
Completed
Management
arrangements meet the
minimum requirements
and data quality
processes are
satisfactory.
December 2007
January 2007
Report to those charged
with governance (ISA
260)
Outstanding - work due
to commence in the
period July - September
N/A
September 2007
September 2007
Opinion on the Financial
Statements & VFM
conclusion
Outstanding - work due
to commence in the
period July - September
N/A
September 2007
September 2007
Final Accounts
Memorandum
Outstanding - work due
to commence in the
period July - September
N/A
October 2007
January 2008
Statement of Audit Progress
Appendix 1 – Audit Progress
7
South Staffordshire Council
Programme
Progress
Main
conclusions/findings
Deadline for draft
report
Audit Committee
meeting
Local performance work
Ongoing
N/A
TBA
TBA
Annual audit and
inspection letter
(including direction of
travel assessment)
Outstanding - dependent
on the completion of the
opinion and performance
work
N/A
December 2007
January 2008