Académique Documents
Professionnel Documents
Culture Documents
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Report of the City Solicitor to City Council 10 October 2006 -Ref B pages 11
3
1
Are the terms of reference approved by the council and reviewed periodically?
Minutes of the Council 27 March 2007- Ref C (minute 73) only approved March 2007 not yet due for review
4
1
Has the audit committee been provided with sufficient membership, authority and resources to perform its role
effectively and independently?
th
Report of the City Solicitor to City Council 10 October -Ref B -In accordance with CIPFA Guidance
5
1
Can the audit committee access other committees and full council as necessary?
SIC for 2006/7 referred to the setting up of an Audit Committee in 2007/8. From 2007/8 the SIC is replaced by the AGS
that will make reference to the Governance and Audit Committee
7
2
Does the audit committee periodically assess its own effectiveness?
Meetings
Ref
Priority
16
Issue
Yes
No
N/a
17
18
19
20
21
22
Yes
Comments/Action
Is in Terms of Reference. Now
AGS which is on the Agenda for
November 23rd meeting also see
Minutes Ref E
P
Does the Audit committee ensure
that the "Actions to Counter Fraud
and Corruption" are being
implemented?
N/a
No
Comments/Action
30
31
32
33
Priority
34
35
Issue
Yes
No
N/a
Comments/Action
36
37
38
39
40
The reasonableness of
accounting estimates
The narrative aspects of
reporting?
Is an audit committee meeting
scheduled to receive the external
auditor's report to those charged with
governance including a discussion of
proposed adjustments to the
accounts and other issues arising
from the audit?
Does the audit committee review
management's letter of
representation?
Does the audit committee annually
review the accounting policies of the
authority?
Does the audit committee gain an
understanding of management's
procedures for preparing the
authority's annual accounts?
Does the audit committee have a
mechanism to keep it aware of
topical legal and regulatory issues,
for example by receiving circulars
and/or through training?
INTERNAL AUDIT
Ref
Priority
41
42
43
Issue
Yes
No
N/a
Comments/Action
44
45
46
Ref
Priority
47
48
49
50
Issue
Yes
No
N/a
Comments/Action
EXTERNAL AUDIT
Ref
Priority
51
52
Issue
Yes
No
Action:
District Auditors details have been
passed to the Chair by the
Internal Audit Manager 30 Oct
2007
See Minutes 21 Sept 2007
Ditto
Action:
Policy and Review (Performance)
Panel currently receives other
inspection agency reports.
Any key issues should be
reported to the G&A from the
Panel
Action:
Annual report from s151 Officer to
G&A on any issues that have
arisen regarding External audit
performance
Action
Annual report from the s151
Officer to G&A on the level and
challenge to the External Audit
fee
54
55
56
1
Does the audit committee assess the
performance of external audit?
57
1
Does the audit committee consider
and approve the external audit fee?
N/a
Comments/Action
ADMINISTRATION
Agenda management
Ref
Priority
58
59
60
61
Issue
Yes
No
N/a
Yes
Comments/Action
Papers
Ref
Priority
62
Issue
Yes
Ref
Priority
63
Ref
Priority
Issue
Yes
64
Comments/Action
See Minutes
65
st
See Minutes Sept 21 Ref E
66
Issue
Yes
No
N/a
Comments/Action
No
N/a
Comments/Action
No
N/a
Final
November 2007