2007-2008 - Annual Audit and Inspection Letter - Carlisle City Council v1.0

Annual Audit and Inspection Letter Carlisle City Council Audit 2007/08 March 2009 Contents Key messages 3 Purpose, responsibilities and scope 5 How is Carlisle City Council performing? 6 The audit of the accounts and value for money 13 Looking ahead 15 Closing remarks 16 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. Key messages Key messages 1 Overall the Council has good arrangements in place to manage its use of resources. In the 2008 assessment the Council scored a level 3 which is a significant improvement from the 2007 assessment which scored level 2. Changes to the use of resources assessment for 2009 onwards place greater emphasis on improving outcomes for the people of Carlisle City. 2 We gave an unqualified opinion on the Council's accounts and an unqualified VFM Conclusion. There was an improvement in the quality of the accounts, and a reduction in the number of errors found compared with previous years. The implementation of International Financial Reporting Standards (IFRS) for the 2010/11 ...