beta

You're viewing our new website - find out more

Publication - Guidance

Audit and Assurance committee handbook

Published: 3 Apr 2018
Directorate:
Internal Audit Directorate
Part of:
Public sector
ISBN:
9781788517553

Guidance on the principles and best practise for the organisation of Audit and Assurance committees.

51 page PDF

457.8 kB

51 page PDF

457.8 kB

Contents
Audit and Assurance committee handbook
Annex E: Example Annual Core Work Programme

51 page PDF

457.8 kB

Annex E: Example Annual Core Work Programme

Spring Meeting

  • Review performance relating to risk management
  • Review the Internal Audit charter / terms of reference, strategy and the periodic work plan for the coming financial year
  • Consider External Audit plans for the coming financial year
  • Consider any reports from Internal Audit and management responses
  • Consider financial reports, including relevant information about financial performance and achievement of financial targets
  • Consider any reports from other sources within the "three lines of assurance" integrated assurance framework

Summer Meeting

  • Review performance relating to risk management
  • Review and consider the accounts for the financial year just finished
  • Consider (emerging) External Audit opinion for the financial year just finished
  • Review assurances provided by senior staff for the annual governance statement
  • Consider Internal Audit opinion for the financial year just finished
  • Consider an annual report on fraud and security
  • Advise the Accountable Officer on signing the accounts and governance statement
  • Consider any reports from Internal Audit and management responses
  • Consider a financial report, including relevant information about financial performance and achievement of financial targets
  • Consider an annual report to the Board and Accountable Officer
  • Consider any reports from other sources within the "three lines of assurance" integrated assurance framework

Autumn Meeting

  • Review performance relating to risk management
  • Review the performance management arrangements adopted by the body including, where appropriate, the timetable for reviewing such arrangements
  • Consider any reports from Internal Audit and management responses
  • Consider the External Audit management letter for the previous financial year and the response to/implementation of any recommendations
  • Consider a financial report, including relevant information about financial performance and achievement of financial targets
  • Consider any reports from other sources within the "three lines of assurance" integrated assurance framework

Winter Meeting

  • Review performance relating to risk management
  • Consider any reports from Internal Audit and management responses
  • Consider a financial report, including relevant information about financial performance and achievement of financial targets
  • Consider the committee's own effectiveness in its work
  • Review the committee's Terms of Reference
  • Consider any reports from other sources within the "three lines of assurance" integrated assurance framework

Contact