Issue - meetings

To inform the committee of the overall adequacy and effectiveness of the system of internal control and risk management operating throughout 2011/12 and present a summary of the audit work undertaken to formulate the opinion, including reliance placed on work by other bodies.

As part of the Committee’s terms of reference, they were responsible for considering the annual internal audit report. This report informed members of the overall adequacy and effectiveness of the system of internal control and risk management operating throughout 2011/12 in the Council. The report contained a summary of the audit work undertaken to formulate the opinion, including reliance placed on work by other bodies. The Head of Audit provided an opinion that the system of internal control for 2011/12 accorded with proper practice and was fundamentally sound.

The committee noted that each council department held a risk register, and that responsibility for risks associated with Alexandra Palace were listed prominently in the departmental risk register for Corporate Resources.

Comment was further made on the target of audits achieved by Deloitte and Touche and clarification given on the nature of the audits undertaken in schools.

RESOLVED

That the content of the Head of Audit’s annual audit report and assurance statement for 2011/12 be noted.