Issue - meetings

FSD 23019

Members noted the Audit Charter and the fact that it was best practice to review this every year. A Member asked what was being planned in terms of property valuations and property maintenance so that problems that had occurred previously would not re-occur. It was suggested that insurance could be managed elsewhere to avoid audits of this area being sourced externally. Claims handling was currently outsourced to LB Sutton. It was noted that there was extensive reporting regarding the insurance service to ER&C PDS.

A discussion took place regarding Risk Appetite and Risk Tolerance and what levels the Council was prepared to accept. A Member suggested that a statement regarding this would be useful. It was noted that PDS committees had a responsibility to scrutinise risk.

RESOLVED:

1) That the April to October 2023 Audit Plan be approved.

2)  That the Internal Audit Charter be approved

3) That the proposed suite of Key Performance Indicators for 2023-2024 be approved.