Agenda

Audit and Risk Committee - Wednesday, 28 September 2022 5:30 pm

Venue: Meeting Room G.01, Ground Floor, City Hall, 115 Charles Street, Leicester, LE1 1FZ

Contact: Angie Smith, Democratic Support Officer 

Items
No. Item

1.

APOLOGIES FOR ABSENCE

2.

DECLARATIONS OF INTEREST

Members are asked to declare any interests they may have in the business to be discussed.

3.

MINUTES OF THE PREVIOUS MEETING pdf icon PDF 216 KB

The Minutes of the previous meeting of the Audit and Risk Committee held on 20 July are attached, and Members will be asked to confirm them as a correct record.

4.

FINANCIAL UPDATE REPORT pdf icon PDF 242 KB

The Deputy Director of Finance submits a report to the Audit and Risk Committee which provides an update on the progress of the statement of accounts and external audit for 2020/21 and 2021/22, and the decision of the Monitoring Officer to appoint Bipon Bhakri as an Independent Member of the Committee.

 

The Committee is recommended to note the contents of the report and the update provided on the progress of the external audit, and to support Bipon Bhakri in his role as the Independent Member.

Additional documents:

5.

PROCUREMENT ANNUAL REPORT 2021/22 pdf icon PDF 297 KB

The City Barrister & Head of Standards submits a report, as required under the Council’s Contract Procedure Rules, to the Audit and Risk Committee to inform them of the activity of the procurement function of the Council (which comprises three specialist procurement teams: Procurement Services, ICT Procurement and ASC Procurement) over the previous financial year and evidence compliance with the requirements of the Contract Procedure Rules.

 

The Committee is recommended to note the contents of the report and make any comments to the City Barrister & Head of Standards.

6.

ANNUAL INSURANCE REPORT 2022 pdf icon PDF 294 KB

The Deputy Director of Finance submits a report to the Audit and Risk Committee which presents an overview of the Council’s internal and external insurance arrangements and provides information on the claims received in recent years, and the results of the claims handling process.

 

The Committee is recommended to note the contents of the report, and the Council’s approach to ensuring it is managing the financial risk associated with the claims.

7.

ANNUAL REPORT ON THE NATIONAL FRAUD INITIATIVE pdf icon PDF 364 KB

The Deputy Director of Finance submits a report to the Audit and Risk Committee the purpose of which is to provide an update on the National Fraud Initiative (NFI) exercises currently underway.

 

The Committee is recommended to note the contents of the report and make any comments it deems appropriate.

8.

PROGRESS AGAINST INTERNAL AUDIT PLANS 2021-22 AND 2022-23 pdf icon PDF 456 KB

The Head of Internal Audit & Assurance Service submits a report to the Audit and Risk Committee which provides a summary of progress against the 2021-22 and 2022-23 Internal Audit Plans, including:

 

i.              Summary information on progress with implementing high importance recommendations

ii.            Summary of progress against the Internal Audit Plans

iii.           Commentary on the progress and resources used

iv.           An update on progressing improvements to internal audit arrangements following a meeting regarding the CIPFA research report, ‘Internal audit: untapped potential’

 

The Committee is recommended the note the routine update report.

Additional documents:

9.

ANY OTHER URGENT BUSINESS