(Link to Council Priorities: All)
The Committee was provided with the Audit and Standards Committee Annual Report that detailed the work of the Committee during 2018/19 and specifically highlighted where its work had made a difference to performance, overall governance and the assurance structures of the Authority.
During 2018/19, the Committee had overseen a new and tightly-drawn process for the approval of the Council’s Statement of Accounts. It had given serious consideration to the effectiveness of its role and for the second time, a skills audit and survey of Committee Members had been combined to provide a ‘Health Check’ of the Committee’s capacity and performance. The Committee continued to engage constructively with Grant Thornton, the Council’s External Auditors on the Statement of Accounts and the Annual Governance Report. It monitored and contributed to improvements and developments of important corporate policies, such as the Anti-Fraud & Corruption and Confidential Reporting policies and Risk Management Strategy, and the scrutiny of the Treasury Management function was now firmly embedded with regular updates. Furthermore, Grant Thornton’s Annual Audit Letter had issued an unqualified opinion on the Council’s financial statements and value for money arrangements.
Recommended: that the Audit and Standards Committee Annual Report for 2018/19, as attached at Appendix A to these minutes, be received.