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Slough councillors "not satisfied" with auditors repeated sign off delays

2018/19 accounts by January following multiple delays. External auditors at Grant Thornton faced a grilling from members of the audit and corporate governance committee on Thursday (December 10) as outstanding financial statements are still yet to be signed off. Julie Masci, engagement lead at Grant Thornton, said the 2018/19 audit is 95 per cent completed – but is still waiting for the updated final set of financial statements from a third-party company and a letter of assurance from the Berkshire pension fund. It was heard an extraordinary meeting will take place on January 27 to finally sign off the accounts – subject to them being ready. The chairman of the committee, councillor Waqas Sabah (Labour: Farnham), said he is “not satisfied” the accounts will be signed off by the new promised completion date as auditors missed multiple deadlines set by new timetables.

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