Eden District Council External Audit of Accounts Delayed Opinion Notice
Publication of Eden District Council Statement of Accounts and Audit Opinion
The Accounts and Audit (England) Regulations 2015 – Regulation 10 As Amended By The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020
The audit of the draft statement of accounts for the year ended 31 March 2020 for Eden District Council has not yet been completed by the external auditors, Grant Thornton UK LLP. The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 require that the audited accounts and opinion is published by 30 November 2020. The delay has arisen due to a combination of factors, comprising the following:
- the impact of Covid-19 on both the complexity of the audit and pace at which it can be completed;
- the increased assurance work that auditors are required to carry out nationally with respect to pensions and asset valuations;
- resourcing challenges at the Council in the initial preparation of the draft statement of accounts and subsequently providing sufficient and appropriate audit evidence in response to queries from the auditor on a number of areas, including the valuation of property, plant and equipment, together with resource capacity constraints on the part of the external auditors, Grant Thornton UK LLP, and delays from third parties in providing independent assurances to the auditors in respect of valuations and/or net pension liabilities.
The audit and issue of the audit opinion is expected to conclude during December 2020, after which the statement of accounts and audit opinion will be published as soon as is reasonably practicable. Therefore, this notice of delayed audit is being published in accordance with Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015.
Eden District Council Audit and Governance Committee was formally advised of this matter at its meeting on the 12 November 2020, and subject to the delegations agreed at this Committee the final audited accounts will be published as soon as the audit is concluded.