Agenda item - Self-assessment review of Audit & Standards Committee

Report of the Executive Director, Finance & Resources (copy attached).

1)           That the Committee recommends that the actions set out in paragraph 4.2 should be used to draw up a detailed action plan to develop further the effectiveness of the Audit & Standards Committee.

11.1      The Committee considered a report of the Executive Director, Finance & Resources that summarised the Audit & Standards self-assessment of its effectiveness. The review was carried out by Members with support from the Head of Internal Audit and Ernst & Young and was based on a comparison with the Chartered Institute of Chartered Accountants (CIPFA) good practice principles.

11.2      The Chief Executive stated that ELT believed the Committee to be very important during a time of significant change and its role in preserving the reputational image of the council.

11.3      RESOLVED- That the Committee recommends that the actions set out in paragraph 4.2 should be used to draw up a detailed action plan to develop further the effectiveness of the Audit & Standards Committee.