Agenda item

The Committee considered the Audit Completion Report of the External Auditor relating to Durham County Council Pension Fund for the year ended 31 March 2014 (for copy see file of Minutes).

The External Auditor presented the report to the Committee. He advised that he expected to complete his final review and closure procedures, and issue an unqualified opinion, on the pension fund financial statements.

He circulated a letter for the information of the Committee which provided an update on outstanding matters and conclusions reached on the audit since the report was circulated to the Committee (for copy see file of Minutes).  In relation to the review of events after the balance sheet date the Corporate Director, Resources updated members about the transfer of funds to a new investment manager.

Resolved:

1.            That the Annual Governance Report of the Audit Commission be noted.

2.            That the letter of representation be approved