To consider the Audit Plan for Torbay Council.

Members noted the Audit Plan for Torbay Council.  Members were informed that the Audit Plan sets out an overview of the planned scope and timing of the audit, aids understanding of the consequences of the work undertaken by the Council’s External Auditors, and discusses issues of risk and the concept of materiality.  Members noted that the plan set out the key risks regarding the Value for Money (VFM) conclusion, these risks include the Ofsted inspection of Children’s Services and the medium term financial planning reviews of key documents such as the Efficiency Plan.  The conclusion of this piece of work will be included in the Audit Findings Report and Annual Audit Letter.