Issue - meetings

Annual Audit Plan, Charter and Strategy

 

 

Meeting: 19/03/2025 - Audit and Governance Committee (Item 55)

55 Annual Audit Plan, Charter, and Strategy pdf icon PDF 296 KB

Report of the Executive Director of Corporate Services and Commercial

Additional documents:

Minutes:

The Committee considered the report of the Executive Director - Corporate Services and Commercial which presented the proposed Internal Audit Charter/Mandate, Audit Strategy, and the Internal Audit Plan 2025/26 for approval.

 

There had been changes in the regulatory standards which had been developed by the Institute of Internal Auditors and the UK regulatory setter for the Public Sector, the Chartered Institute of Public Finance and Accountancy. These were due to come into force from 1 April 2025 and the proposed Audit Charter and Audit Strategy complied with the requirements.

 

The Committee asked questions/commented on the following:

 

·       Staff recruitment and retainment

·       The benefits of Artificial Intelligence

·       Internal Audit remote work

·       Succession planning and graduate trainee programmes

 

 

RESOLVED: That

 

(1)

the Annual Audit Plan for 2025/26 be approved;

 

(2)

the revised Audit Charter, including the mandate, be approved;

 

(3)

the Audit Strategy be approved; and

 

(4)

the changes will come into effect from 1 April 2025 to conform with when the Global Internal Audit Standards for the UK Public Sector come into effect, be noted.