Devon County Council and Devon Pension Fund
Audit of Accounts, year ended 31 March 2021
The Accounts and Audit Regulations 2015 – Regulation 10, as amended by The Accounts and Audit (Amendment) Regulations 2021
The audit of the draft statement of accounts for the year ended 31 March 2021 for Devon County Council and Devon Pension Fund has not yet been completed by the external auditors, Grant Thornton UK LLP. The Accounts and Audit (Amendment) Regulations 2021 require that the audited accounts and opinions are published by 30 September 2021.
The delay has arisen due to a combination of factors, comprising the following:
- the impact of Covid-19 on both the complexity of the audit and pace at which it can be completed;
- the increased assurance work that auditors are required to carry out nationally with respect to pensions, asset valuations and other key estimates.
The Authority’s external auditors have advised the Audit Committee at its meeting on 21 September that they expect to conclude the audit of the financial statements during November 2021 after which the statement of accounts and audit opinions can be published as soon as is reasonably practicable.
Therefore, this notice of delayed audit is being published in accordance with Regulation 10, paragraph (2a) of the Accounts and Audit Regulations 2015. For further information please see the legislation.gov.uk website.
Devon County Council
27 September 2021