Issue - meetings

To consider a report of the Borough Treasurer.

It is a requirement of the Public Sector Internal Audit Standards (PSIAS) that the Internal Audit and Risk Manager prepares an annual report containing an overall opinion on the Council’s control framework.
The annual report provides the evidence for the overall opinion and assurance statement of the Internal Audit & Risk Manager and his judgement whether there is generally a sound system of internal control, adequately designed to meet the Council’s objectives, and controls are being applied consistently. The overall conclusion is either substantial, moderate, limited or no assurance.

The Committee are invited to consider and comment on the report.

Officer Contact: John Pearsall Tel: 474 4033 or email: john.pearsall@stockport.gov.uk

The Borough Treasurer submitted a report (copies of which had been circulated) providing for comment the Internal Audit Annual Report which contained an overall opinion on the Council’s control framework. The annual report provides the evidence forthe overall opinion and assurance statement ofthe Internal Audit and Risk Manager and his judgement whether there is generally a sound systemof internal control, adequatelydesigned to meet the Council’s objectives, and controls are being applied consistently.The overall

conclusion is either substantial, moderate, limited or noassurance.

The following comments were made/issues raised:-

·         Councillors welcomed the increase in 2016/17 in the overall percentage of substantial assurance ratings limited assurance ratings when compared to previous years.

·         The provision of risk management training to all members of the Audit Committee was extended to include all new members of the Council in July 2016. The training was now provided on an annual basis.

RESOLVED – That the report be noted.