- The absence of "Related Party Transactions" (RPT) of former members of the council who where not returned to the council at the May 2010 council. A RPT is a business deal between two parties who have a special relationship prior to the deal, such as a business transaction between a major shareholder and the corporation*. Ref* HERE.
- The external Auditor (The Audit Commission) is not able to issue a Audit Certificate due to unresolved objections from local electors to the councils 2009-10 accounts.
- The councils previous external Auditors Deloitte have not been able to issue Audit Certificates for previous years Audit work.
The Audit Commission stated in an earlier report that they haven't as yet 'processed' objections from local electors to the council 2009/10 accounts. And according to the director of finance report (above linked) states the cost of objections to the councils 2008/9 and 2009/10 as zero. Does this mean that objections haven't been investigated?
This makes me wonder whether or not the Audit Commission can state as a matter of fact that there is no material impact on the councils accounts from these objections?
The Annual Letter from the Audit Commission HERE.