Borough Council of Wellingborough

Virtual Development Committee Monday 18 January 2021

The meeting will take place virtually from 7pm. Members of the public will be able to view the meeting live from 7pm using Microsoft Teams.

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The external audit of the draft statement of accounts for the year ended 31 March 2020

Published Monday, 30 November 2020

The external audit of the draft statement of accounts for the year ended 31 March 2020

External audit of the draft statement of accounts

The external audit of the draft statement of accounts for the year ended 31 March 2020 has not yet been completed by our external auditors, EY LLP, until the Council and EY LLP have concluded outstanding areas of audit work on the Council’s financial statements. In addition, EY LLP expect to receive and review an assurance report from the Northamptonshire Pension Fund auditors and also for EY LLP to conclude their quality assurance and professional practice consultations on updates to the Council’s going concern disclosure notes covering the twelve month period pre-and-post transition to North Northamptonshire Council from the 1st April 2021.

This situation is allowed for by Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015, as amended by the Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 No. 404.  

(See attached links: http://www.legislation.gov.uk/uksi/2015/234/regulation/10/made and https://www.legislation.gov.uk/uksi/2020/404/regulation/2/made). Therefore this notification explains, as per Regulation 10 paragraph (2a), that we are not yet able to publish our audited 2019/20 final statement of accounts in line with publication date of 30th November 2020, as per paragraph (1).

The Council’s Audit Committee will consider the financial statements and EY LLP auditor’s results report as soon as this has been concluded, after which we will publish the final audited accounts.