The Audit and Governance Committee of Cambridgeshire and Peterborough Combined Authority noted the External Auditor’s Report on 10 September 2026. The report detailed a risk assessment of the Authority's reserves, identifying certain reserves as higher risk due to factors like the size of balances, extent of movements during disclaimed periods, and reliance on complex accounting arrangements. The audit procedures for 2025/26 will address these historic gaps in assurance.