RESOLVED: That the report be noted.
REASONS RESOLVED: The Committee’s consideration of this update was needed to ensure the Council complied with the Public Sector Internal Audit Standards and the Accounts and Audit Regulations.
At the Chair’s invitation the Chief Internal Auditor presented the report, copies of which had been previously circulated. It was advised this the report was a routine update. The forecast for the completion of all audits was given, 75% of all audits were expected to reach draft stage by the 31st of March 2022, with 100% of the plan completed by the 31st May (if all goes to plan), there would be a slight overlap into the new year. The overlap was due to the closing of the shared services which had presented resource challenges. An agreement had recently been formed with Binder Dijker Otte (BDO) to supplement internal resources, as such there should be no impact on the 2022/23 resources.
The Chair asked if certain numbers mentioned the action tracker could be explained. The Chief Internal Auditor noted that these were usually explained in a footnote which was missing from the report. The committee was informed that the amount mentioned was not real money, but a formula applied to quantify and would have no impact on WNC finances.
Councillors made the following comments.
The Chief Internal Auditor made the following comments in response to some of the councillors’ queries.
The Assistant Director of Finance for Accountancy noted that with regards to potential fraud within the grants given there had been a risk and balance. The council had tried to mitigate any potential fraud by making sure that the process was robust. The process had also been monitored throughout and cross references carried out, this information can be provided from the relevant government department.