Issue - meetings

GRANT THORNTON – THE AUDIT FINDINGS REPORT FOR MERSEYSIDE PENSION FUND

Meeting: 01/12/2021 - Local Pension Board (Item 33)

33 GRANT THORNTON – THE AUDIT FINDINGS REPORT FOR MERSEYSIDE PENSION FUND pdf icon PDF 61 KB

This report highlights the key findings and other matters arising from Grant Thornton’s external audit of the financial statements of Merseyside Pension Fund for the year ended 31 March 2021.

Additional documents:

Minutes:

Donna Smith, Head of Finance and Risk reported upon the key findings and other matters arising from Grant Thornton’s external audit of the financial statements of Merseyside Pension Fund for the year ended 31 March 2021. 

 

Donna Smith reported that Grant Thornton had presented a report to Pensions Committee at its September meeting and the updated report would be submitted to the Audit and Risk Committee in January. 

 

Donna Smith summarised the key findings of the report and informed Members that one adjustment had been made to the financial statements, increasing the value of the Fund by £135.9m to £10.1bn. 

 

Members were informed that the audit work was complete and it is anticipated that an unqualified opinion will be issued.  It was confirmed that the final fees charged for the audit and provision of non-audit services was £51,249 and that the audit remained open until approved at ARMC.

 

On behalf of the Local Pensions Board the Chair thanked Donna Smith and her team for their hard work and it was;

 

Resolved – That the report be noted.