Issue - meetings

Report of the Head of Audit and Risk Management to inform Members of the requirements of the Accounts and Audit (amendment) (England) Regulations 2006 and the action taken to address these.

The Head of Audit and Risk Management, Anne Woods, introduced this report, which set out the requirements of the Accounts and Audit (amendment) (England) Regulations 2006 and the action taken to address these. Ms Woods reported that reciprocal peer-group reviews had been carried out between the London Borough of Haringey, the London Borough of Waltham Forest and the Royal Borough of Kensington and Chelsea. The final report from the London Borough of Kensington and Chelsea was appended to the report for consideration by the Committee.

On behalf of the Committee, the Chair noted that external auditors would be invited to scrutinise the work of the Audit Committee and to identify any shortcomings in its work. The Chair welcomed the report that no priority recommendations were made as part of the review by the Royal Borough of Kensington and Chelsea, who had attained a 4-star CPA assessment.

There being no further comments, it was:

RESOLVED

i.                    That the findings of the review of the effectiveness of the system of internal audit be noted.

ii.         That the action plan to address the identified areas for development be approved.