Agenda item

Report of the Chief Financial Officer.

With the agreement of the Committee, Item 16: Audit Strategy and Annual Internal Audit Plan was considered within the Part 1 – Public Agenda.

Trustees considered a report of the Chief Financial Officer on the Trust’s Audit Strategy and Annual Internal Audit Plan.

The Chairman led the Committee in welcoming Thanzil Khan, Senior Audit Manager of TIAA, which had been appointed internal auditor to the Trust.  Mr Khan set out the reviews within the Audit Strategy and Annual Internal Audit Plan 2019-20 and would provide further updates to future meetings of the Finance, Audit and Risk Committee as the programme of reviews progressed.

The Chief Financial Officer drew Trustees’ attention to a planned review of asset management that would consider identification of assets that needed to be recorded in the asset register, the identification, locating and recording of assets, inventories and the disposal of assets, and would help ensure the Trust’s asset management processes were sufficiently robust.

RESOLVED – That the Annual Internal Audit Plan be approved.