Oldham Metropolitan Borough Council
Notice in Delay in Publication of Oldham Metropolitan Borough Council Audited Statement of Accounts for the year ended 31 March 2022.
The Accounts and Audit (England) Regulations 2015 – Regulation 10, as amended by The Accounts and Audit (Amendment) Regulations 2021 and the Accounts and Audit (Amendment) Regulations 2022.
The Accounts and Audit (Amendment) Regulations 2022 require that the audited accounts and opinion are published by 30 November 2022. In accordance with the Accounts and Audit Regulations 2015, Regulation 10, paragraph (2a), this is notification that there will be a delay in the publication of the Council’s Audited Statement of Accounts and that the Council’s Audited Statement of Accounts will not meet the deadline of 30 November 2022.
The reasons for the delay in publishing the Council’s Audited Statement of Accounts relates to a technical accounting issue with Infrastructure Assets. This is a nationwide technical accounting issue on the valuation Infrastructure Assets. This applies to all Local Authorities with material infrastructure assets. This matter cannot be resolved until the Statutory Instrument comes into force which is expected to be on 25 December 2022.
The Council is continuing to work closely with its External Auditors, Mazars LLP and will publish an Audited Statement of Accounts as soon as the audit is concluded.