Issue - meetings

Internal Audit Progress Report

Summary/Purpose

To present a summary of the audit work concluded since the last meeting of this Committee.

Recommendation

That the Audit and Governance Committee resolves to:

1. Note the report.

Additional documents:

Minutes:

The purpose of the report was to present a summary of the audit work concluded since the last Committee meeting.

In discussing the report, Members raised the following points:

There was concern over the limited detail previously provided on members’ allowances and expenses. The Officer confirmed that significant process improvements were being implemented following audit findings.
The Committee received an update on the trial of virtual procurement cards, introduced in response to a prior audit recommendation. Provided by Lloyds Bank, the single-use cards were being considered to support a “no purchase order, no payment” policy. This policy was being developed in collaboration with the interim Head of Finance and the Chief Accountant to enhance procurement processes and internal controls. Although progress had been slow, an update on implementation and timescales would be brought to a future meeting.

RESOLVED: That the Audit and Governance Committee NOTED the Internal Audit Progress Report.