Agenda

Venue: Board Rooms 1 & 2 - Brent Civic Centre, Engineers Way, Wembley HA9 0FJ

Contact: Kunwar Khan, Governance Officer  Tel: 020 8937 2037; Email:  kunwar.khan@brent.gov.uk

Items
No. Item

1.

Apologies for absence and clarification of alternate members

2.

Declarations of Interest

Members are invited to declare at this stage of the meeting, the nature and existence of any relevant disclosable pecuniary or personal interests in the items on this agenda and to specify the item(s) to which they relate.

3.

Deputations (if any)

To hear any deputations received from members of the public in accordance with Standing Order 67.

4.

Minutes of the previous meeting pdf icon PDF 131 KB

To approve the minutes of the Audit and Standards Advisory Committee meeting held on 10 July 2019 as a correct record.

5.

Matters arising (if any)

To consider any matters arising from the minutes of the previous meeting.

Standards Items:

There are no Standards items to be considered at this meeting.

Audit Items:

6.

i4B and FWH accounts assurance-testing and the Council’s audit process pdf icon PDF 91 KB

The Committee at its last meeting on 10 July requested an update about assurance-testing and the Council’s audit process concerning i4B and FWH accounts. This report provides an update to the Committee about:

 

·         the progress of First Wave Housing (FWH) and i4B company audits; and

·         the proposed new tender and schedule for next year’s audit.

 

Wards Affected:                  Contact Officer: Minesh Patel, Director of Finance

All Wards.                              Email: Minesh.Patel@brent.gov.uk

                                                Tel:     020 8937 4043

 

Additional documents:

7.

Additional Audit Fees pdf icon PDF 87 KB

The report provides a brief note on the additional audit fee for KPMG on the objections and also Grant Thornton’s request.

 

Wards Affected:                  Contact Officer: Minesh Patel, Director of

All wards                                Finance, Email: Minesh.Patel@brent.gov.uk

                                                Tel: 020 8937 4043

8.

To review performance & management of i4B Holdings Ltd pdf icon PDF 113 KB

The Audit and Standards Advisory Committee has been provided with a report from i4B Holdings Limited (i4B), with the Council as its shareholder.

 

Ward Affected:                               Contact: Martin Smith, Chair of i4B Board

All wards                               

                                               

Additional documents:

9.

To review performance & management of First Wave Housing Ltd pdf icon PDF 95 KB

The Audit and Standards Advisory Committee has been provided with an update report from First Wave Housing Limited (FWH), with the Council as its guarantor.

 

Ward Affected:                               Contact: Martin Smith, Chair of FWH Board

All wards                               

                                               

Additional documents:

10.

Internal Audit Progress Report pdf icon PDF 168 KB

The report provides an update on the progress against the Internal Audit Plan between 1 April and 31 August 2019.

 

Ward Affected:                           Contact Officer: Michael Bradley

All Wards                                     Head of Audit and Investigations

                                                   Email: michael.bradley@brent.gov.uk

                                                   Tel: 0208 937 6526

 

11.

Counter Fraud Progress Report pdf icon PDF 143 KB

The report provides an update on counter fraud work undertaken this financial year until 31 August 2019.

 

Ward Affected:                                Contact Officer: Michael Bradley

All Wards                                           Head of Audit and Investigations

                                                            Email: michael.bradley@brent.gov.uk

                                                            Tel: 0208 937 6526

 

 

12.

Strategic Risk Register Update pdf icon PDF 103 KB

This report provides an updated Corporate Risk Register. In accordance with the terms of reference for the Audit and Standards Advisory Committee, the report is presented to ‘enable the Committee to monitor the effective development and operation of risk management and corporate governance in the Council.’

 

Ward Affected:                           Contact Officer: Michael Bradley

All Wards                                     Head of Audit and Investigations

                                                   Email: michael.bradley@brent.gov.uk

                                                   Tel: 0208 937 6526

 

Additional documents:

13.

Treasury Management Mid-term Report pdf icon PDF 240 KB

The report updates Members on recent treasury activity.

 

Ward Affected:                 Contact Officer: Daniel Omisore, Head of Finance

All Wards                                Email: Daniel.omisore@brent.gov.uk

                                                Tel: 020 8937 3057

                              

 

14.

The Annual Audit Letter pdf icon PDF 546 KB

The Council’s external auditors, Grant Thornton, produced a report following completion of the audit of accounts and an Annual Audit Letter. The letter is intended to identify any changes to the accounts, unadjusted misstatements or material weaknesses in controls identified during the audit work. It also provides the findings from the value for money conclusion for the year.

 

Ward Affected:                 Contact Officer: Minesh Patel, Director of Finance

All Wards                           Email: Minesh.Patel@brent.gov.uk

                                         Tel:     020 8937 4043

15.

External Audit Progress Report and Sector Update pdf icon PDF 573 KB

The paper provides the Audit and Standards Advisory Committee with a report on progress in delivering Grant Thornton’s responsibilities as the Council’s external auditors. It also includes a summary of emerging national issues and developments that may be relevant to Brent as a local authority.

 

Ward Affected:      Contract Officer: Sophia Brown, Engagement Manager, All Wards           Grant Thornton

                               Email: Sophia.y.Brown@uk.gt.com

                               Tel:     020 7728 3179

16.

An update on review the performance of the Committee (self-assessment) pdf icon PDF 140 KB

This report provides an update about the effectiveness of the Audit and Standards Advisory Committee (ASAC) following the training workshop held after the previous meeting facilitated by a CIPFA trainer.

 

Ward Affected:                   Contact Officer: Michael Bradley, Head of Internal All wards                          Audit and Investigation

                                                Email: Michael.Bradley@brent.gov.uk

                                                Tel: 020 8937 6526

 

                                   

17.

Review the Committee's Forward Plan pdf icon PDF 110 KB

To note the Committee’s Forward Plan and agree a draft agenda items for the next meeting.

 

Wards Affected:                  Contact officer: Kunwar Khan, Governance Officer

All Wards                               Email: kunwar.khan@brent.gov.uk

                                                Tel:      02089372037

18.

Any other urgent business

Notice of items to be raised under this heading must be given in writing to the Head of Executive and Member Services or his representative before the meeting in accordance with Standing Order 60.