Agenda item

Report of the Head of Audit and Risk Management.

Members considered a report of the Head of Audit and Risk Management relative to the Internal Audit Recommendations Update. Members were supportive of the Audit Recommendations follow-up process. Following a question from a Member in relation to the timelines of follow-up activity, the Head of Audit and Risk Management confirmed that the target would be to undertake follow-up reviews within 6 months of issuing Final Audit Reports, in line with the current target timelines for implementing Internal Audit recommendations.

With respect to the City of London School for Girls outstanding recommendations, the Bursar noted that action had been taken on all 23 outstanding recommendations, and 6 items had been closed. The Finance and Estates Sub-Committee of the Board of Governors of the City of London School for Girls had been established and would oversee outstanding audit recommendations. The School confirmed it would provide an update on the status of outstanding recommendations prior to the next meeting.

RESOLVED, that Members:

1.    note the current status of live audit recommendations;

2.    endorse the proposed changes to the way that audit follow-up work is undertaken.