Agenda item

Report of the Head of Audit and Risk Management.

Members received a report of the Head of Audit and Risk Management in respect of Internal Audit work completed, this report being the 12-month, year-end update.

With respect to red and amber assurance ratings, Members were informed that these typically refer to suggested timing of implementation (ie. red assurance ratings required fast action; amber ratings allowed for more time) and reflect criticality of the audited area within the context of the organisation. There might not always be a direct correlation to priority ratings of individual recommendations as these often relate to criticality within the audited area. Officers advised that this distinction would be given further consideration to see if there were better ways to articulate and codify the rationale for determining assurance ratings.

RESOLVED, that – the report be received and its contents noted.