Highland and Western Isles Valuation Joint Board Report to Members on the 2005 06 Audit

Highland and Western Isles Valuation Joint Board Report to Members on the 2005/06 Audit October 2006 www.audit-scotland.gov.uk Contents Key Messages 1 Introduction 2 Financial statements & financial position 3 Auditor’s report Financial position Issues arising Legality Statement on the system of internal financial control Future outlook Governace 7 Overview Anti-fraud and corruption arrangements Systems of internal control Action Plan 9 Key Messages In 2005/06 we have audited the financial statements and looked at aspects of governance within Highland and Western Isles Valuation Joint Board. This report sets out our main findings. Overall, we found the financial stewardship of Highland and Western Isles Valuation Joint Board during the year to be satisfactory. The main conclusions and outcomes from the audit are highlighted below: • An unqualified audit opinion has been issued on the financial statements for 2005/06 • The Statement on the System of Internal Financial Control included in the accounts complies with accounting requirements and is not inconsistent with audit findings • Final accounts preparation procedures and working papers were good and this enabled the audit to progress smoothly • The Board has ...