An external audit progress report from KPMG to an audit committee meeting last week recalled that it had been unable last September to give assurance that the council’s financial statements presented a true and fair view and had since sought clarification.
KPMG’s report said Northampton had engaged three external valuers for its housing stock, the latest of which had taken the figure from the wrong region for the social housing adjustment factor – a way of calculating the value of occupied homes.
A revised report corrected this, but was supplied to KPMG with pages missing last September.
“We noted pages missing from the draft report and requested a final version,” it said. “We did not receive the final report until 28 March 2018”.
It said the error in using the wrong…
