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Audit and Governance Committee - Wednesday, 24th April, 2024 6.00 pm
April 24, 2024 View on council website Watch video of meeting Read transcript (Professional subscription required)Summary
The council meeting focused on routine governance and oversight, including reviews of audit reports, accounting policies, and risk management. Discussions also covered updates to the constitution and code of conduct complaints procedure, with plans for future workshops to delve deeper into these topics.
Audit Reports: The internal and external audit reports were noted without significant issues raised. The lack of new audit reports since the last meeting was highlighted, with a promise of future reports at the next meeting. This decision ensures ongoing transparency and accountability but delays addressing any potential issues until future audits are presented.
Accounting Policies and Pension Assumptions: The council approved the accounting policies for the year and reviewed pension assumptions based on external advice. The decision impacts how financial statements are prepared and ensures compliance with national standards, contributing to the financial stability and accuracy of the council's reporting.
Risk Management: Updates to the strategic risk register were accepted, including the removal of the cost of living as a strategic risk. This decision reflects an assessment of what constitutes a strategic threat to the council, focusing resources on risks deemed more controllable or significant.
Constitution and Code of Conduct Reviews: Plans for workshops to review the constitution and the code of conduct complaints procedure were set. This decision opens the door for potentially significant changes in council governance and member conduct guidelines, aiming to enhance clarity and effectiveness.
Cyber Security Report: The council decided to receive cyber security updates only when significant changes occur, rather than at every meeting. This decision could streamline meetings but might delay the council's response to minor yet relevant cyber security developments.
Surprisingly, the meeting included a detailed discussion on the need for better training and clarity around annual declarations of interest, highlighting a gap in current council member training that could affect compliance and transparency.
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