Venue: Committee Room 5, Guildhall, Swansea. View directions
Contact: Democratic Services: - 636923
No. | Item |
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Disclosures of Personal and Prejudicial Interests. Minutes: In accordance with the Code
of Conduct adopted by the City and County of Swansea, the following interests were declared: - Paula O’Connor – Agenda as a
whole – Employee of Velindre NHS Trust – Providing
Internal Audit Service as Head of Internal Audit to Abertawe Bro Morgannwg
University Health Board – Personal. |
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Wales Audit Office - Audit Committee Review of Performance 2017/18. PDF 111 KB Minutes: Gareth Lewis and David Williams, Wales Audit Office
facilitated a session to allow the Audit Committee to complete a review of its
performance during 2017/18. Members were asked to consider the
areas of Committee work they felt had gone well and those they felt could be
improved. The session was based around
the 7 core functions of an audit committee established
by CIPFA. The core functions discussed were: - 1)
Be
satisfied that the authority’s assurance
statements, including the Annual Governance Statement, properly reflect
the risk environment and any actions required to improve it, and demonstrate how governance supports the
achievements of the authority’s objectives. 2)
In
relation to the authority’s internal
audit functions:
3)
Consider
the effectiveness of the authority’s risk
management arrangements and the control environment. Review the risk
profile of the organisation and assurances that action is
being taken on risk-related issues, including partnerships with other
organisations. 4)
Monitor
the effectiveness of the control
environment, including arrangements for ensuring value for money and for
managing the authority’s exposure to the risks of fraud and corruption. 5)
Consider the reports and recommendations of external audit and inspection agencies
and their implications for governance, risk management or control. 6)
Support effective relationships between external audit and internal audit,
inspection agencies and other relevant bodies, and encourage the active
promotion of the value of the audit process. 7)
Review
the financial statements, external auditor’s opinion and reports to members, and
monitor management action in
response to the issues raised by external audit. The Wales Audit Office would feed back the results of the session for consideration. The Chair thanked the Wales Audit Office representatives for leading the discussions. Resolved that: - 1)
The
contents of the discussions be noted; 2)
Richard Rowlands, Strategic Delivery &
Performance Manager provides a link / access to the electronic Corporate Risk
Register in order for the Committee to understand the nature of the 31 high
level risks identified; 3)
The Chair meets the Chief Executive to discuss
the impact of the 31 high level risks identified and how the Authority is managing
those risks; 4)
The Annual Governance Statement be reported as a
separate item to the Statement of Accounts; 5)
The Committee
discusses further the possibility of Members attending an Audit Committee of
another public body; 6)
Audit
Committee Members meet with External Auditors without Officers; 7)
Wales
Audit Office recommendations be closely tracked by the Audit Committee in a timely
manner; 8)
The key findings of discussions be reported to the Audit Committee. |