Issue - meetings
Report from the Vice-Chair of the Audit Advisory Committee
Meeting: 12/07/2021 - Council (Item 14)
14 Report from the Vice-Chair of the Audit & Standards Advisory Committee PDF 225 KB
To receive a report from the Vice-Chair of the Audit & Standards Advisory Committee in accordance with Standing Order 37.
Additional documents:
Decision:
NOTED the update report provided by the Vice Chair of the Audit & Standards Advisory Committee.
Minutes:
The Mayor invited Councillor Lo, as Vice-Chair of the Audit & Standards Advisory Committee, to introduce the report updating members on the work of the Committee.
In terms of issues highlighted, Councillor Lo drew members attention to the important role which the Committee had in reviewing and approving the Council’s Annual Statement of Accounts and commended Finance officers for the significant work undertaken to ensure the accounts had been completed and submitted on time for review by the Council’s External Auditors.
Focussing specifically on the Committee’s role in relation to compliance and control he also outlined and commended the robust nature of the work being undertaken in relation to various governance matters including internal audit activity, the regulatory framework and members’ standards of conduct.
Finally, Councillor Lo also took the opportunity to draw members attention to the Corporate Risk Register and Annual Governance Statement, which had both been subject to review and approval by the Committee. The Committee had focussed on a number of risks including the ongoing pressure on local government finance and recovery from the pandemic and identified the need to ensure these risks were keep under review and that members were aware of the importance of both documents given their significance to the Councils overall control and governance arrangements.
The Mayor thanked Councillor Lo for the update provided and it was RESOLVED that the report be noted.