Agenda and minutes

Audit Committee - Thursday, 25 August 2016 6.30 pm

Venue: De Montfort Suite, Hinckley Hub. View directions

Items
No.	Item
138.	Apologies and substitutions Minutes: Apologies for absence were submitted on behalf of Councillors Hodgkins and Lay with the substitution of Councillor Bill for Councillor Hodgkins authorised in accordance with Council Procedure Rule 4.
139.	Minutes of previous meeting PDF 34 KB To confirm the minutes of the previous meeting. Minutes: It was moved by Councillor O’Shea, seconded by Councillor Wallace and RESOLVED – the minutes of the meeting held on 27 June be approved and signed by the Chairman.
140.	Declarations of interest To receive verbally from members any disclosures which they are required to make in accordance with the Council’s code of conduct or in pursuance of Section 106 of the Local Government Finance Act 1992. This is in addition to the need for such disclosure to be also given when the relevant matter is reached on the agenda. Minutes: No interests were declared at this stage.
141.	Internal Audit Progress report PDF 181 KB Minutes: The internal auditor presented the progress report and explained that whilst it may look like some recommendations had not been implemented; the issue was with the system not having updated. It was confirmed that this would be rectified and would not continue to be an issue. RESOLVED – the report be noted.
142.	ISA260 PDF 190 KB View the background to item 142. View the decision for item 142. Auditor’s report attached. Minutes: Members gave consideration to the Audit Results Report – ISA 260 produced by Ernst & Young LLP in their first year as external auditor. It was noted that there were minor control issues, but nothing of concern and an unqualified opinion would be forthcoming. An error had been noted in relation to data input, but this had not had an impact on the accounts. The auditor had recommended that written procedures be put in place for all processes to ensure business continuity in the event of staff turnover. RESOLVED – the report be endorsed and RECOMMENDED to Council.
143.	Annual Governance Statement & Statement of Accounts PDF 1 MB View the background to item 143. View the decision for item 143. Annual Governance Statement and Statement of Accounts attached for endorsement prior to approval by Council. Minutes: The Audit Committee gave consideration to the Statement of Accounts and Annual Governance Statement. In response to a member’s question it was noted that staff absence was monitored by managers and the process led by Human Resources, and members acknowledged that there had been a reduction in sickness absence. RESOLVED – the report be endorsed and RECOMMENDED to Council.