Agenda item

Report of the Head of Internal Audit and Risk Management

Members received a report of the Head of Internal Audit and Risk Management, which outlined progress against identified actions following the findings of the external and independent review of the City of London Corporation’s Internal Audit, Risk Management and anti-fraud function undertaken by Mazars LLP.

In response to a question about the transfer of a resource from the Anti-fraud team to the Department of Community and Children’s Services, Members noted that this post would be funded by the Housing Revenue Account (HRA) but the Anti-Fraud Manager would still have oversight of this officer’s work.  The Head of Internal Audit and Risk Management advised that this was one of many initiatives aimed at directing audit resources towards anti-fraud activity and the next Internal Audit Update report would provide a further update.

RESOLVED, that – the report be noted.