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Meeting documents

Audit Committee
Tuesday 15 December 2009 5.30 pm

Date:
Tuesday, 15th December, 2009
Time:
5.30pm
Place:
Committee Room, Civic Centre, Arnot Hill Park, Arnold
 

Attendance Details

ItemDescriptionResolution
20 APOLOGIES FOR ABSENCE.
 
21 TO APPROVE AS A CORRECT RECORD THE MINUTES OF THE MEETING HELD ON 29 SEPTEMBER 2009.
RESOLVED:

That the minutes of the above meeting, having been circulated, be approved as a correct record and signed by the Chairman.
22 DECLARATION OF INTERESTS.
 
23 2008/9 ANNUAL AUDIT LETTER
 
24 AUDIT COMMISSION TRIENNIAL REVIEW OF INTERNAL AUDIT
RESOLVED:

To note the report and record the Committee's thanks to the Audit team.
25 INTERNATIONAL FINANCIAL REPORTING STANDARDS
RESOLVED:

To note the report and receive updates on the progress of the implementation of IFRS and its implications as appropriate.
26 CORPORATE RISK SCORECARD
RESOLVED:

To note the report.
27 ANNUAL AUDIT RISK ASSESSMENT
RESOLVED:

To accept the Assessment models in the report with the addition of performance management of contracts in the contract systems audit area.
28 TERMS OF REFERENCE - ANNUAL REVIEW
RESOLVED:

1. The Head of Corporate Services and the Head of Democratic and Community Services to consider in consultation with the Chair the information links to the Sub-Committee for issues arising between meetings.

2. To consider the complaints system monitoring after the Scrutiny review.
29 FOLLOW-UP OF AUDIT RECOMMENDATIONS
RESOLVED:

To note the report.
30 INTERNAL AUDIT REPORTS ISSUED OCTOBER-DECEMBER 2009
RESOLVED:

To accept the reports.
31 ANY OTHER ITEMS WHICH THE CHAIRMAN CONSIDERS URGENT.
 
The meeting closed at 7.05pm.

Attendance Details

Present:
E.J. Collin (Chairman), A.S. Bexon, G.V. Clarke, A.J. Gillam, C.J. Powell, D.E. Pulk, G.E. Withers

Business

Business
ItemBusiness
20None.
22none
23Item withdrawn from agenda.
24The Manager of Audit & Risk Services presented the results of the Audit Commissions triennial review of Gedling Borough Council's Internal Audit function.
25The Head of Corporate Services reported on the introduction of International Financial Reporting Standards (IFRS) within Local Government.
26The Manager of Audit & Risk Services updated members of the Sub-Committee on the current level of assurance that could be provided against each corporate risk.
27The Manager of Audit & Risk Services reported that it had been previously agreed that the annual risk assessment and plan would be presented to the Audit Committee prior to the end of the financial year for consideration and input.
28The Manager of Audit & Risk Services invited Members to undertake an annual review of the Terms of Reference of the Audit Committee and where appropriate update these to reflect the work being undertaken by the Committee.
29The Manager of Audit & Risk Services updated Members on the progress in the implementation of Internal Audit recommendations.
30The following reports were considered:-
i) Leisure Bookings
ii) Contracts
iii) Banking
iv) Council Tax
v) NNDR
vi) Housing Benefits
vii) FMS
viii) Creditors
ix) Lending and Borrowing.
31The Chair reported that there was a Masterclass for Audit Committee members on 20 Janauary 2010. Members interested in attending to contact Manager of Audit & Risk Services.

 


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