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Meeting documents

Audit Committee
Tuesday 29 March 2011 5.30 pm

Date:
Tuesday, 29th March, 2011
Time:
5.30pm
Place:
Committee Room, Civic Centre, Arnot Hill Park, Arnold
 

Attendance Details

ItemDescriptionResolution
33 APOLOGIES FOR ABSENCE.
 
34 TO APPROVE AS A CORRECT RECORD THE MINUTES OF THE MEETING HELD ON 14 DECEMBER 2010.
RESOLVED:

That the minutes of the above meeting, having been circulated, be approved as a correct record and signed by the Chairman.
35 DECLARATION OF INTERESTS.
 
36 EXTERNAL AUDIT REPORTS
RESOLVED:

To agree the 2010/11 Audit plan and to note the report on the 2009-10 Certification of Claims and Returns.
37 CORPORATE RISK SCORECARD
RESOLVED:

To note the report.
38 ANNUAL INTERNAL AUDIT PLAN 2011-12
RESOLVED:

To note the contents of the report.
39 FOLLOW-UP OF PREVIOUS AUDIT RECOMMENDATIONS
RESOLVED:

To note the report.
40 INTERNAL AUDIT REPORTS ISSUED JANUARY - MARCH 2011
RESOLVED:

To accept the reports.
41 INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)
RESOLVED:

To note:
i. The revised layout of the primary financial statements included at Appendix A to the report;
ii. That the Council is in a position to fully implement the International Financial Reporting Standards for the closure of the 2010/11 accounts;
iii. That the restatement of the 2009/10 accounts and amendment of accounting processes and procedures has been achieved without the need for any additional external support.
42 ANY OTHER ITEMS WHICH THE CHAIRMAN CONSIDERS URGENT.
 
The meeting closed at 7.05pm.

Attendance Details

Present:
A.S. Bexon, E.J. Collin, A.J. Gillam, C.J. Powell, G.E. Withers

Officers in attendance: V Rimmington, S M Sale, M Kimberley.

Business

Business
ItemBusiness
33An apology for absence was received from Councillor Pulk.
35None
36Audit Commission reports on the 2010-11 Audit Plan and 2009-10 Certification of Claims and Returns were submitted.
37The Manager of Audit & Risk Services updated members of the Committee on the current level of assurance that could be provided against each corporate risk.
38The Manager of Audit & Risk Services reported on the planned audit activity for 2011-12. The final report would be passed to the Head of Corporate Services for approval in line with Financial Regulation 3.27.
39The Manager of Audit & Risk Management reported on progress in the implementation of previous Internal Audit recommendations.
40The following reports were considered:-
i) Creditors
ii) Insurance Inventories
iii) NNDR
iv) Housing Benefits
v) Capital
vi) Banking
vii) Lending & Borrowing
viii) Payroll
41The Head of Corporate Services updated the Committee on the introduction of International Financial Reporting Standards (IFRS) within Local Government.
42None

 


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