The Audit and Governance Committee of Tamworth Council convened on 26 June 2024 to discuss several key issues, including the Internal Audit Annual Report, the effectiveness of the Audit Committee, and the Risk Management Quarterly Update. Decisions were made on the adoption of the Internal Audit Report and the implementation of recommendations from the skills audit.

Internal Audit Annual Report and Quarterly Update for 2023/24

The committee reviewed the Internal Audit Annual Report and Quarterly Update for 2023/24. The report highlighted the council's financial health and identified areas for improvement. Key findings included the need for enhanced internal controls and better risk management practices. The committee unanimously adopted the report, agreeing that the recommendations would strengthen the council's financial oversight.

Audit Committee Effectiveness - Skills Audit and Independent Member Update

The committee discussed the Audit Committee Effectiveness - Skills Audit and Independent Member Update. The skills audit revealed gaps in financial expertise among committee members. It was decided to recruit an independent member with a strong financial background to address this issue. Councillor Paul Convery noted, Enhancing our financial expertise is crucial for effective governance.

Risk Management Quarterly Update Q4 2023/24

The Risk Management Quarterly Update for Q4 2023/24 was presented, detailing the council's risk profile and mitigation strategies. The update identified significant risks related to cyber security and data protection. The committee recommended the implementation of advanced security measures and regular training for staff to mitigate these risks.

Annual Governance Statement and Code of Corporate Governance

The committee reviewed the Annual Governance Statement and Code of Corporate Governance. This document outlined the council's governance framework and highlighted areas for improvement. The committee approved the statement, emphasising the need for continuous monitoring and evaluation of governance practices.

Rolling Audit and Governance Timetable 2024-25

The Rolling Audit and Governance Timetable for 2024-25 was discussed, setting out the schedule for future audits and governance reviews. The timetable aims to ensure timely and effective oversight of the council's operations. The committee endorsed the timetable, recognising its importance for maintaining accountability and transparency.