Audit of Accounts
Audit of Accounts for year ended 31 March 2021
NOTICE OF PUBLIC RIGHTS
The Accounts and Audit Regulations 2015
Local Audit and Accountability Act 2014
Each year the Council’s Statement of Accounts is subject to external audit by Grant Thornton UK LLP and any person interested has the right to inspect and make copies of the accounts and any relevant documents.
We hereby give notice that Gravesham Borough Council’s draft Statement of Accounts for year ended 31 March 2021 has not yet been completed and is therefore unavailable for inspection.
The delay has arisen due to the audit of the Statement of Accounts for the year ended 31 March 2020 not yet being concluded. The council is continuing to work closely with the audit team at Grant Thornton UK LLP to resolve this situation. The draft Statement of Accounts for year ended 31 March 2021 will be published and made available on this webpage as soon as it is reasonably practical to do so.
This notice of delayed publication is being published in response to Regulation 15 (1A) of the Accounts and Audit Regulations 2015, as amended.
Please go to legislation.gov website for more information.
Date: 29 July 2021
Sarah Parfitt CPFA
Director (Corporate Services)
External Audit of Accounts: Year Ended 31 March 2020
Publication of Gravesham Borough Council Statement of Accounts and Audit Opinion
The Accounts and Audit (England) Regulations 2015 – Regulation 10
As Amended By
The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020
The audit of the draft statement of accounts for the year ended 31 March 2020 for Gravesham Borough Council has not yet been completed by the external auditors, Grant Thornton UK LLP. The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 require that the audited accounts and opinion is published by 30 November 2020.
The delay has arisen due to a combination of factors, comprising the following:
- the impact of COVID-19 on both the complexity of the audit and pace at which it can be completed;
- the inherent complexity of the Council’s 2019/20 statement of accounts which include transactions relating to the St George’s Shopping Centre
- the increased assurance work that auditors are required to carry out nationally with respect to pensions and asset valuations.
The audit and issue of the audit opinion is expected to conclude during January 2021. Gravesham Borough Council’s Finance and Audit Committee was formally advised of this matter and subject to the delegations agreed at this Committee on 11 November, the final statement of accounts and audit opinion will be published as soon as is reasonably practical.
Therefore, this notice of delayed audit is being published in accordance with Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015. Go to legislation.gov website for more information.