Internal Audit provides an independent review of the internal control systems in accordance with the Public Sector Internal Auditing Standards. The section provides an annual plan that identifies the areas of activity to be reviewed. This plan is based upon a risk consideration and following consultation with stakeholders it is presented to the Audit Committee for approval.
The section sets out it's Terms of Reference in an annual Audit Charter that is also approved by the Audit Committee. The work of the Internal Audit Team is regularly reported to the Audit Committee and the Chief Audit Executive is required to give an annual opinion on the effectiveness of internal controls within the organisation. In addition the Council produces an Annual Governance Statement that forms part of the accounts of the Council and gives an assessment of compliance with the Local Code of Corporate Governance.
The section oversees the review and updating of the policies and procedures that make up the Corporate Governance framework.