Issue - items at meetings - Statement on Internal Control (Report to follow)

Issue - meetings

Statement on Internal Control (Report to follow)

 

 

Meeting: 25/06/2007 - Audit Board (this committee has been combined with the Audit, Standards & Governance Committee and no longer meets) (Item 7)

7 Statement of Accounts and Statement on Internal Control pdf icon PDF 900 KB

Minutes:

Consideration was given to the unaudited Statement of Accounts for the year ended 31st March 2007, which incorporated the Statement of Internal Control.

 

Members queried how the Audit Board could see that the effectiveness of the system of internal control was both maintained and duly followed up on, as appropriate.  The Audit Services Manager stated that any identified weaknesses were given a priority 1, 2 or 3 rating (priority 1 being the highest level), with each priority then being tracked on a quarterly basis.  Managers were required to provide progress updates on priority areas and any outstanding priority 1 issues were automatically referred to the Audit Board, with senior management investigating such issues prior to their referral.              

 

RECOMMENDED: that the Executive Cabinet be requested to recommend to full Council the approval of the unaudited Statement of Accounts, which incorporated the Statement of Internal Control, for the year ended 31st March 2007, in accordance with the Accounts and Audit Regulations 2003 amended 2006.