Meeting documents

Audit Committee
Wednesday 6 December 2006 5.30 pm

Date:
Wednesday, 6th December, 2006
Time:
5.30pm
Place:
Committee Room, Civic Centre, Arnot Hill Park, Arnold
 

Attendance Details

ItemDescriptionResolution
18 APOLOGIES FOR ABSENCE.
Business for item 18
 
19 TO APPROVE AS A CORRECT RECORD THE MINUTES OF THE MEETING HELD ON 25 SEPTEMBER 2006.
 RESOLVED:

That the minutes of the above meeting, having been circulated, be approved as a correct record and signed by the Chairman.
20 DECLARATION OF INTERESTS.
Business for item 20
 
21 FOLLOW-UP OF AUDIT RECOMMENDATIONS
Business for item 21
RESOLVED:

To note the report.
22 INTERNAL AUDIT REPORTS ISSUED SEPTEMBER - DECEMBER 2006
Business for item 22
RESOLVED:

To accept the reports and that staff cooperation be acknowledged.
23 OPERATIONAL RISK REGISTER REVIEW
Business for item 23
RESOLVED:

To note the contents of the report
24 ANNUAL AUDIT RISK ASSESSMENT
Business for item 24
RESOLVED:

i. To amend the Third Party Assessment Criteria for Housing Rents.

ii. Not to add any further areas of audit work for the year 2006-07.
25 AUDIT SUB-COMMITTEE - TERMS OF REFERENCE - ANNUAL REVIEW
Business for item 25
RESOLVED:

To request the Personnel and Resources Committee to approve the revised Terms of reference provided in Appendix A
26 RISK MANAGEMENT STRATEGY - REVIEW & UPDATE
Business for item 26
RESOLVED:

To review and approve the revised Risk Management Strategy.

27 ANY OTHER ITEMS WHICH THE CHAIRMAN CONSIDERS URGENT.
Business for item 27
 
The meeting closed at 6.55pm.

Attendance Details

Present:
F.J.D. Boot (Chairman), A.S. Bexon (a), G.V. Clarke, J.M. Cole (a), S.M. Creamer, C.M. Luckett, C.N.F.W. Pratt

Business

Business
ItemBusiness
18Apologies for absence were received from Councillors Bexon and Cole
20None
21The Manager of Audit Services submitted a report showing departmental progress in implementation of Internal Audit Recommendations.

The report also identified areas where additional action needed to be considered in relation to any outstanding recommendations
22The Manager of Audit Services submitted the following reports:-

IT Audit and Access Controls
Cash Receipting
Lending and Borrowing
Capital Review
Council Tax
NNDR
23The Manager of Audit Services submitted a report that updated members of the changes made to the Operational Risk Register following the review completed during quarter three of the current financial year.
24The Manager of Resource Services submitted a report that provided Members with the opportunity to influence the audit risk assessment for the annual audit plan 2007-08.

Members were requested to confirm whether any additional areas of audit work need to be considered.
25The Manager of Resource Services submitted a report that undertook an annual review of the Terms of Reference of the Audit Sub-Committee and where appropriate update these to reflect the work being undertaken by the Committee.
26The Manager of Resource Services submitted a report that reviewed and updated the Council's Risk Management Strategy, and outline proposals for developing the strategy further.
27None