Purpose

To receive a report on Grant Thornton remuneration following its review of historic decision-making.

Decision

The Executive Resolved

That the Council pays Grant Thornton a sum of £322,088 for their Value for Money report into historic investment decisions at Woking Borough Council.

Reason: It is a legislative requirement for the auditors to produce a Public Interest Report in circumstances where they consider this to be necessary. The costs of this are over and above the annual audit fee.