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07-08-07 - S.STAFFS AUDIT SUMMARY REPORT
8 pages
English

07-08-07 - S.STAFFS AUDIT SUMMARY REPORT

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Audit Summary ReportApril 2007Statement of AuditProgressSouth Staffordshire District CouncilAudit 2006-2007External audit is an essential element in the process of accountability for publicmoney and makes an important contribution to the stewardship of publicresources and the corporate governance of public services.Audit in the public sector is underpinned by three fundamental principles: auditors are appointed independently from the bodies being audited; the scope of auditors' work is extended to cover not only the audit of financialstatements but also value for money and the conduct of public business; and auditors may report aspects of their work widely to the public and other keystakeholders.The duties and powers of auditors appointed by the Audit Commission are set outin the Audit Commission Act 1998 and the Local Government Act 1999 and theCommission's statutory Code of Audit Practice. Under the Code of Audit Practice,appointed auditors are also required to comply with the current professionalstandards issued by the independent Auditing Practices Board.Appointed auditors act quite separately from the Commission and in meeting theirstatutory responsibilities are required to exercise their professional judgementindependently of both the Commission and the audited body.Status of our reportsThe Statement of Responsibilities of Auditors and Audited Bodies issued by theAudit Commission explains the respective responsibilities of auditors ...

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Audit Summary Report
April 2007
Statement of Audit
Progress
South Staffordshire District Council
Audit 2006-2007
© Audit Commission 2007
For further information on the work of the Commission please contact:
Audit Commission, 1st Floor, Millbank Tower, Millbank, London SW1P 4HQ
Tel: 020 7828 1212 Fax: 020 7976 6187 Textphone (minicom): 020 7630 0421
www.audit-commission.gov.uk
External audit is an essential element in the process of accountability for public
money and makes an important contribution to the stewardship of public
resources and the corporate governance of public services.
Audit in the public sector is underpinned by three fundamental principles:

auditors are appointed independently from the bodies being audited;

the scope of auditors' work is extended to cover not only the audit of financial
statements but also value for money and the conduct of public business; and

auditors may report aspects of their work widely to the public and other key
stakeholders.
The duties and powers of auditors appointed by the Audit Commission are set out
in the Audit Commission Act 1998 and the Local Government Act 1999 and the
Commission's statutory Code of Audit Practice. Under the Code of Audit Practice,
appointed auditors are also required to comply with the current professional
standards issued by the independent Auditing Practices Board.
Appointed auditors act quite separately from the Commission and in meeting their
statutory responsibilities are required to exercise their professional judgement
independently of both the Commission and the audited body.
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.
Copies of this report
If you require further copies of this report, or a copy in large print, in Braille,
on tape, or in a language other than English, please call 0845 056 0566.
Statement of Audit Progress
│
Contents
3
South Staffordshire Council
Contents
Introduction
4
Audit coverage and inputs
4
Work in progress
4
Appendix 1 – Audit Progress
5
2005/06 Programme
5
2006/07 Audit Programme - progress to date
6
2007/08 Audit Programme - progress to date
8
4
Statement of Audit Progress │Audit Summary Report
South Staffordshire Council
Introduction
1
This report sets out our progress against the 2005/06 and 2006/07 audit plans.
Audit coverage and inputs
2
During the period January - March we have issued the following documents to
officers that we wish to bring to your attention.

The Annual Audit and Inspection Plan 2007/08
Work in progress
3
At this time we have also continued to progress work against our 2006/2007 audit
plan.

Our annual review of your financial statements is underway.
4
We continue to have regular updates with key staff and Internal Audit, and review
all risks associated with the Authority's business.
5
We wish to bring to your attention the following matters:

For 2006/07 there was no specific and documented supervisory check of 4% of
new claims and where there had been a change in circumstances. This would
normally be part of Housing Benefit verification framework;

an important control over the creditors system requiring invoices to be matched
to orders is not operating consistently. This has been reported by Internal Audit;

Internal Audit were involved in reconciling the Housing Benefits System to the
Ledger during the year. Internal Audit should not become involved in the
operation of systems or a part of the control environment as this reduces their
independence.
Statement of Audit Progress
│
Appendix 1 – Audit Progress
5
South Staffordshire Council
Appendix 1 – Audit Progress
2005/06 Programme
Programme
Progress
Main
conclusions/findings
Deadline for draft
report
Audit Committee
Meeting
Interim audit
memorandum
Completed - part of the
final accounts
memorandum
Our findings informed the
level of additional testing
required for the opinion.
April 2006
January 2007
Report to those charged
with governance (ISA
260)
Completed
An unqualified opinion
was given on the
financial statements.
September 2006
September 2006
Final accounts
memorandum
Completed
General improvement
from last year, however
there are still areas
where improvements can
be made.
December 2006
January 2007
Annual audit and
inspection letter
(including direction of
travel assessment)
Completed
This will be presented at
the April audit committee
March 2007
April 2007
6
Statement of Audit Progress
│
Appendix 1 – Audit Progress
South Staffordshire Council
2006/07 Audit Programme - progress to date
Programme
[d1]
Progress
Main
conclusions/findings
Deadline for draft
report
Audit Committee
meeting
Audit and Inspection
Plan
Completed
Agreed by the Audit
Committee.
April 2006
August
[d2]
2006
Use of Resources
Auditor Judgements
Initial Review
Completed.
To align the Financial
Reporting, Financial
Standing and
Performance Indicator
information with the
whole financial year, the
Audit Commission has
decided that we will do
an update to this work
by the end of October
2007.
Agreed by Officers,
reported to members in
the Annual Audit and
Inspection letter for
2005/2006
March 2007
April 2007 (AAIL)
Interim Audit
Memorandum
Underway
N/A
August 2007
September 2007
BVPP Opinion and PI
Audit Memorandum
Completed
Management
arrangements meet the
minimum requirements
and data quality
processes are
satisfactory.
December 2007
January 2007
Statement of Audit Progress
│
Appendix 1 – Audit Progress
7
South Staffordshire Council
Programme
Progress
Main
conclusions/findings
Deadline for draft
report
Audit Committee
meeting
Report to those charged
with governance (ISA
260)
Outstanding – work due
to commence in the
period July – September
N/A
September 2007
September 2007
Opinion on the Financial
Statements & VFM
conclusion
Outstanding – work due
to commence in the
period July – September
N/A
September 2007
September 2007
Use of Resources
Auditor Judgement
Refresh - Outstanding
N/A
October 2007
January 2008
Final Accounts
Memorandum
Outstanding - work due
to commence in the
period July - September
N/A
October 2007
January 2008
Annual audit and
inspection letter
(including direction of
travel assessment)
Outstanding - dependent
on the completion of the
opinion and performance
work
N/A
TBC
TBC
8
Statement of Audit Progress
│
Appendix 1 – Audit Progress
South Staffordshire Council
2007/08 Audit Programme - progress to date
Programme
Progress
Main
conclusions/findings
Deadline for draft
report
Audit Committee
meeting
Audit and Inspection
Plan
Completed
Agreed by Officers
May 2007
June 2007
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