Issue - meetings

Report CEO 1507

This report was written by the Head of Internal Audit for member information, and was also intended to assist the Council in meeting the financial management and internal control requirements of the Accounts and Audit Regulations 2011.

The Committee heard that control issues highlighted in the audit reports could be grouped under 4 categories:

·  Organisational

·  Financial

·  Operational

·  Compliance

Members were directed to the Table on page 9 of the report headed “Recommendations by Category”, and also to the associated Pie Chart on page 10 of the report that showed the same data. The Committee noted that the main audit recommendations for 2014-15 were:

1.  Supervisory and Monitoring recommendations—24%

2.  None or obsolete procedures recommendations—15%

3.  Recommendations relating to lack of supporting documents—9%

4.  Breach of Financial Regulations or Procedures--9%

The Head of Audit then referred Members to Appendix A which detailed a summary of progress and all other audit activity from 1^st April 2014 to 23^rd March 2015. He felt that good progress had been made.

Members were directed to Appendix C which was the Draft Annual Governance Statement. Members were asked to consider and approve this Statement. 

RESOLVED:

(1) that the Annual Audit Report be noted

(2) that the Draft Annual Governance Statement be approved