Report of the Director of West Mercia Energy.

Contact: Nigel Evans (0333 101 4424)

That the Joint Committee

a)    approve the draft audit plan for 2023/24 as presented by WR Partners attached at Appendix 1

b)    approve the commissioning of WR Partners to undertake the audit in accordance with the audit plan.

The Head of Finance and Billing introduced the report which set out the proposed external audit plan for 2023/24.

John  Fletcher, External Auditor took Members thought the report drawing their attention to the following points –

·         Materiality had been determined using the benchmark figures set out in the table on page 10 of the pack and that the levels had been set to ensure that sufficient audit work was carried out.

·         2 significant risks identified in the plan are standard to all audits and the Committee should be satisfied that there are controls in place.

A Member raised the risk of loss of key personnel and business continuity.  The External Auditor stated that this was considered as part of the “going concern” assumption.

RESOLVED:

That the Joint Committee

a)     approve the draft audit plan for 2023/24 as presented by WR Partners attached at Appendix 1

b)     approve the commissioning of WR Partners to undertake the audit in accordance with the audit plan.