The review includes checking for if any 'management override of controls' has taken place
The findings of a delayed review which has been checking for any potential manipulation of Nottingham City Council’s accounts are now expected in around a fortnight. Ernst and Young Global Limited is currently conducting a review into the council’s historical accounting practices.
The council has employed the help of EY to conduct what it says is a good-practice exercise of going though the authority’s accounts to obtain further assurances that everything is in order. In an update on Friday council officers said following a delay the findings are now expected “in a couple of weeks”.The review includes checking for if any “management override of controls” has taken place.
The cost of the wrongful spending of this fund now totals up to £51m, after money was improperly transferred to the council’s general fund, which finances other services, over a series of years beginning 2014. Helen Lillington, Grant Thornton audit manager, which is auditing the council’s accounts, said: “As you are probably all familiar with, one of the key pieces of work we have been talking about is the EY report in terms of the management override of controls.
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