Agenda item - Annual Audit Report

Extract from the proceedings of the Audit Committee meeting held on the 29^th June 2010, (copy attached).

35.1         Councillor Hamilton introduced the report and stated that a number of internal audits which were undertaken during the year had been reported to the Audit Committee.  The Committee also worked with the Audit Commission and had received the Annual Accounts before their submission to the council.  He wished to thank the Committee Members and officers who supported it and noted that it had begun work on the management of risk.

35.2         Councillor Oxley welcomed the report and stated that the Committee had worked collaboratively and looked at a number of important issues such as risk management and the counter fraud strategy.  He believed it was well placed to be able to work with whatever replaced the Audit Commission.

35.3         Councillor Watkins stated that he wished to draw Members’ attention to the importance of risk management and the need for it to be used more widely throughout the council.

35.4         Councillor Hamilton noted the comments and recommended the report to the council.

35.5         The Mayor noted that the report had been moved and asked that the recommendation be agreed.

35.6         RESOLVED: That the report be noted.