Report of the Head of Audit and Risk Management.
The Committee considered a report of the Head of Audit and Risk Management relative to the 2019-20 to 2021-2022 Initial Draft Internal Audit Plan. The Committee was advised that the report had been to Summit Group prior to being presented to the Committee.
The following discussion ensued:
The Chairman asked if the Head of Audit and Risk Management would deliver his annual statement of assurance on internal control for 2020/21. The Head of Audit and Risk Management confirmed that they would.
Following the Chairman’s suggestion, the CoLP Fleet Management audit date will be changed due to the material change in composition of the fleet in the coming months. Members suggested moving the audit dates forward for the Declaration of Interest and City of London Police Project Management, as they are rated red and amber, respectively. However, the Head of Audit and Risk Management advised that these ratings were the results of recent audits (2017/18 for Declarations of Interest an 2016/17 for City of London Police).
Members questioned whether London Councils are recharged for the cost of the Internal Audit days provided to them. The Head of Audit and Risk Management confirmed that they were under an SLA, but did not know whether they were recharged the full cost. The Deputy Chamberlain said that details of recharges could be provided if required.
Regarding Declarations of Interest, the Chairman was advised that a letter to Members regarding updating declarations and non-compliance was being addressed, and the Chairman requested an overview of responses indicating how many people responded.
Members expressed concern that there had not been a Green audit in the past two years, and proposed that it be demonstrated what mitigating measures are undertaken following audits and to assess whether these measures are effective.
In response to questions regarding deprioritised items, the Head of Audit and Risk Management advised that these items are moved to the next year, but are monitored in the interim should they need to be addressed again.
RESOLVED – That the Committee approve, with the amendments above, the initial draft Internal Audit Plan for 2019-20 and the Strategic Audit Plan for 2019-20 to 2021-22.