Issue - meetings
External Auditors Governance Report 2020/21 - Warwickshire Pension Fund
Meeting: 04/11/2021 - Audit and Standards Committee (Item 5)
5 External Auditors Governance Report 2020/21 - Warwickshire Pension Fund 
PDF 192 KB
The report and appendices are attached.
Additional documents:
- Appendix 1 for External Auditors Governance Report 202021 - Warwickshire Pension Fund_v1, item 5
PDF 8 MB
- Appendix 2 for External Auditors Governance Report 202021 - Warwickshire Pension Fund, item 5
PDF 297 KB
- Webcast for External Auditors Governance Report 2020/21 - Warwickshire Pension Fund
Minutes:
Ciaran McLaughlin introduced the report stating that the audit report opinion will be unmodified. Work is being completed on journals and testing. In addition, some tidying up is required concerning level 3 investments. In response to a question from the Chair the committee was informed that a level of volatility is to be expected amongst level 3 investments. These are monitored over a number of years to make sure there is a degree of consistency between portfolio clients.
Resolved:
That the Committee:
1. Endorses the Audit Findings Report of the External Auditors for Warwickshire County Council, attached at Appendix 1.
2. Approves, subject to any changes which may be necessary to the final draft, the wording of the Letter of Representation, attached at Appendix 2.