The External Audit Manager from Grant Thornton presented the annual audit plan. The purpose of the report was to inform Committee Members of the plan for the external audit of the Fund’s Statutory financial statements for 2021/22. During the summer Grant Thornton would undertake their audit of the relevant financial activities and provide verification of the Pension Fund’s financial statements. The results of this audit will be reported back to the Committee.

Members noted that there was a higher focus on some areas where there was heightened potential for fraud or complexity.

Resolved –

That the external audit plan for 2021/22 as prepared by Grant Thornton be noted.