Issue - meetings

Report attached.

Officers submitted the draft Annual Report, covering the period April 2016 to March 2017, for the Committees approval. The key highlights from the report were:

·            The Committee had maintained its usual work plan based on its Terms of Reference;

·           The Committee had received briefings on Statement of Accounts, Treasury Management and Role of Audit Committee;

·           The Committee had approved accounts compiled in accordance with the International Financial Reporting Standards;

·           The Committee had approved the Annual Governance Statement.

A challenge for the Audit Team had been the restructuring of the Audit, Risk and Fraud Teams during 2016/17 as part of oneSource, together with the integration with a third partner, the London Borough of Bexley.

Despite the challenges the Team had successfully delivered against its work plan for the year and responded to management requests for proactive audits.

15 system audits had been completed and 13 school audits completed.

The Committee agreed to Annual Report for submission to the Council in June.