Agenda item

The Committee received a report from the External Auditor explaining the scope of the audit, the risks identified and the procedures that will be performed to deliver the audit for Durham County Council Pension Fund (for copy see file of Minutes).

Mr Kirkham, Mazars informed the Committee that the threshold for the whole of the pension fund accounts had been revised and was based on as net assets of the fund.  This was applied as a percentage point to identify the threshold for the misstatements and 1% had been agreed.

Resolved:

That the report be noted.