1.Read Attachment 1 and draft a memorandum to the Partner responsible for the external audit of Trumptonshire Council that proposes the overall audit strategy, including: •proposed significant risks;
•an explanation of why these should be treated as significant risks; and
•a proposed audit response to those risks.
2.Read Attachment 2 and prepare a short presentation to the Council’s Audit Committee, including speaking notes, explaining the following terms used by the external auditor: •materiality; •significant risk; •substantive test of detail; •test of control; •‘true and fair’; and •Those Charged with Governanc