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I have audited the statement of accounts on pages a to b, which

By Keith Coleman,2014-05-16 15:52
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I have audited the statement of accounts on pages a to b, which

    ANNUAL STATEMENT OF ACCOUNTS 2005/2006

    INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

    GEDLING BOROUGH COUNCIL

OPINION ON THE FINANCIAL STATEMENTS

    I have audited the financial statements of Gedling Borough Council for the year ended 31 March 2006 under the Audit Commission Act 1998, which comprise the Consolidated Revenue Account, the Housing Revenue Account, the Collection Fund, the Consolidated Balance Sheet, the Statement of Total Movements in Reserves and the Cashflow Statement, and the related notes.

    This report is made solely to Gedling Borough Council in accordance with Part II of the Audit Commission Act 1998 and for no other purpose, as set out in paragraph 36 of the Statement of Responsibilities of Auditors and of Audited Bodes as prepared by the Audit Commission.

Respective Responsibilities of the Head of Finance and Auditors

    The Head of Finance’s responsibilities for preparing the financial statements in accordance with the applicable laws and regulations of the Statement of Recommended Practice on Local Authority Accounting in the United Kingdom 2005 are set out in the Statement of Responsibilities. My responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Accounting (UK and Ireland).

    I report to you my opinion as to whether the financial statements present fairly the financial position of the Authority in accordance with applicable laws and regulations and the Statement of Recommended Practice on Local Authority Accounting in the United Kingdom 2005.

    I review whether the statement on internal control reflects compliance with CIPFA’s guidance ‘The Statement on Internal Control in Local Government: Meeting the Requirements of the Accounts and Audit Regulations 2003’ published on 2 April 2004. I report if it does not comply with proper practices

    specified by CIPFA or if the statement is misleading or inconsistent with other information I am aware of from my audit of the financial statements. I am not required to consider, nor have I considered, whether the statement on internal control covers all risks and controls. I am also not required to form an opinion on the effectiveness of the Authority’s corporate governance procedures or its risk and control procedures.

    I read the other information published with the financial statements, and consider whether it is consistent with the audited financial statements. This other information comprises only the Explanatory Foreword. I consider the implications for my report if I become aware of any apparent mis-statements or material inconsistencies with the financial statements. My responsibilities do not extend to any other information.

Basis of Audit Opinion

    I conducted my audit in accordance with the Audit Commission Act 1998, the Code of Audit Practice issued by the Audit Commission and International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the Authority in the preparation of the financial statements, and of whether the accounting policies are appropriate to the Authority’s circumstances, consistently applied and adequately disclosed.

    I planned and performed my audit so as to obtain all the information and explanations which I considered necessary in order to provide me with sufficient evidence to give reasonable assurance that the financial statements are free from material mis-statement, whether caused by fraud or other irregularity or error. In forming my opinion, I also evaluated the overall adequacy of the presentation of information in the financial statements.

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    ANNUAL STATEMENT OF ACCOUNTS 2005/2006

    INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

    GEDLING BOROUGH COUNCIL

Opinion

    In my opinion the financial statements present fairly, in accordance with applicable laws and

    regulations and the Statement of Recommended Practice on Local Authority Accounting in the United

    Kingdom 2005, the financial position of the Authority as at 31 March 2006 and its income and

    expenditure for the year then ended.

Signature: Date:

A Blackburn (District Auditor)

    Audit Commission, Littlemoor House, Eckington, Sheffield S21 4EF

CONCLUSION ON ARRANGEMENTS FOR SECURING ECONOMY, EFFICIENCY AND

    EFFECTIVENESS OF RESOURCES

    Authority’s Responsibilities The Authority is responsible for putting in place proper arrangements to secure economy, efficiency

    and effectiveness in its use of resources, to ensure proper stewardship and governance, and to

    regularly review the adequacy and effectiveness of these arrangements.

    Under the Local Government Act 1999, the Authority is required to prepare and publish a best value

    performance plan summarising the Authority’s assessment of its performance and position in relation

    to its statutory duty to make arrangements to ensure continuous improvement in the way in which its

    functions are exercised, having regard to a combination of economy, efficiency and effectiveness.

Auditor’s Responsibilities

    I am required by the Audit Commission Act 1998 to be satisfied that proper arrangements have been

    made by the Authority for securing economy, efficiency and effectiveness in its use of resources. The

    Code of Audit Practice issued by the Audit Commission requires me to report to you my conclusion in

    relation to proper arrangements, having regard to relevant criteria specified by the Audit Commission

    for principal local authorities. I report if significant matters have come to my attention, which prevent

    me from concluding that the Authority has made such proper arrangements. I am not required to

    consider, nor have I considered, whether all aspects of the Authority’s arrangements for securing

    economy, efficiency and effectiveness in its use of resources are operating effectively.

    I am required by section 7 of the Local Government Act 1999 to carry out an audit of the Authority’s

    best value performance plan and issue a report:

    ? Certifying that I have done so

    ? Stating whether I believe the plan has been prepared and published in accordance with

    statutory requirements set out in section 6 of the Local Government Act1999 and statutory

    guidance

    ? Where relevant, making any recommendations under section 7 of the Local Government Act

    1999.

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    ANNUAL STATEMENT OF ACCOUNTS 2005/2006

    INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

    GEDLING BOROUGH COUNCIL

Conclusion

    I have undertaken my audit in accordance with the Code of Audit Practice and I am satisfied that, having regard to the criteria for principal local authorities specified by the Audit Commission and published in July 2005, in all significant respects, Gedling Borough Council made proper arrangements to secure economy, efficiency and effectiveness in its use of resources for the year ending 31 March 2006.

     BEST VALUE PERFORMANCE PLAN

    I issued my statutory report on the Authority’s best value performance plan for the financial year 2005/06 in December 2005. I did not identify any matters to be reported to the Authority and did not make any recommendations on procedures in relation to the plan.

CERTIFICATE

    I certify that I have completed the audit of the accounts in accordance with the requirements of the Audit Commission Act 1998 and the Code of Audit Practice issued by the Audit Commission.

Signature: Date:

A Blackburn (District Auditor)

    Audit Commission, Littlemoor House, Eckington, Sheffield S21 4EF

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