The Head of Finance and Risk at Merseyside Pension Fund introduced the report of the Director of Pensions which provided Board Members with a copy of the report taken to Pension Committee in June 2022 in relation to Grant Thornton’s audit of the Fund’s Statement of Accounts for 2021/22. The review and endorsement of the management responses to questions posed by the Fund’s external auditors supported Pensions Committee in fulfilling its responsibilities in relation to the financial reporting process and formed part of the governance arrangements.

In answer to a Board member’s question, officers were to consider assessing which posts carried a greater risk of fraud although they noted that there were controls in place.

Resolved:

That the management’s responses to the auditor’s questions be noted.