Issue - meetings

This report informs Members of the findings of the Annual Review of the Effectiveness of the Internal Audit Function for the year 2024/25.

The report of the Director of Finance and Transformation informed the Committee of the findings of the Annual Review of the Effectiveness of the Internal Audit Function for the year 2024/25, conducted by the Chief Audit Executive.  A summary of the findings of this review was attached at Annex 1 to the report.

An update was provided in respect of the Audit Plan completion performance as set out under ‘Key performance indicator outturns’ in the review report.  It was noted that since publication of the agenda, progress had been made on one of the two outstanding audits, resulting in an increase of the completion rate from 85.71% to 92.85%, achieving the target of 90%.

Members were advised that the Management Team had considered the outcome of the review and concluded that the opinion on the effectiveness of the Internal Audit function in place for the year 2024/25 was Good.

It was proposed by Councillor Cannon (Chair), seconded by Councillor Bishop and the Audit Committee

RESOLVED:  That on the basis of the findings of the review, the opinion that the effectiveness of the Internal Audit function for the year 2024/25 was Good, be endorsed.