Issue - meetings

FSD 19023

The Annual Internal Audit Plan was a risk based plan, the output from which would be used by the Council to inform the Annual Governance Statement. Members were being asked to approve the Plan. Members were also required to note and comment on the revised assurance options and definitions, along with the priority risk ratings and definitions.

The Plan was in draft stage and had been developed in consultation with the Corporate Leadership Team.

The Annual Internal Audit Plan proposed a tier of 4 new assurance levels:

·  Substantial Assurance (Green)

·  Reasonable Assurance (Yellow)

·  Limited Assurance (Orange)

·  No Assurance (Red)

Three new Risk Ratings were being proposed:

·  Priority 1 (Red)

·  Priority 2 (Orange)

·  Priority 3 (Green)

The Committee noted the work schedule for Internal Audit as outlined in the Plan, and also noted how the work would be split between Directorates. The Plan had scheduled in 902 days work over 4 Directorates. This was two days

more than the previous year. 

RESOLVED that:

1) The 2019/2020 Internal Audit Plan is approved.

2) The Committee note and agree the revised assurance options and definitions, along with the new priority risk ratings and definitions.