The Audit and Risk Management Committee of the City of London Council is scheduled to meet on Monday 17 November 2025 to discuss counter fraud measures, risk management, and internal audit updates. The committee will also be asked to agree the public minutes of the previous meeting held on 15 September 2025, and to note the Committee's Outstanding Actions List and Work Programme.

Risk Management Update

The committee will receive a report from the Chief Strategy Officer regarding risk management. This will include a non-public appendix. The report pack includes two appendices:

• Updated Corporate Risks
• Top Red Departmental Risks

Internal Audit Update

The committee will receive a report from the Group Chief Internal Auditor on the topic of internal audits.

The report pack includes the following appendices:

• IA Dashboard Q2¹
• Internal Audit Plan Overview
• Internal Audit Plan - Follow-up Reviews
• Overdue Red Recommendations

Counter Fraud & Investigations Mid-Year Report 2024/25

The Audit and Risk Management Committee will receive the Counter Fraud & Investigations Mid-Year Report 2024/25 from the Group Chief Internal Auditor. The report pack also contains an appendix: Counter Fraud Investigations 25_26 mid-year.

Minutes of the Previous Meeting

The committee will be asked to agree the public minutes of the previous meeting held on 15 September 2025. The non-public minutes of the previous meeting held on 15 September 2025 will also be discussed.

City's Estate Financial Statements

The committee will be asked to make a decision regarding the City's Estate Financial Statements. The report pack for this is to follow.

City's Estate Trust Funds and Sundry Trust Funds Annual Reports and Financial Statements

The committee will be asked to make a decision regarding the City's Estate Trust Funds and Sundry Trust Funds Annual Reports and Financial Statements. The report pack for this is to follow.

Outstanding Actions of the Committee

Members are asked to note the Committee's Outstanding Actions List.

Committee Work Programme

Members are asked to note the Committee's Work Programme.

Exclusion of the Public

The committee will consider a motion to exclude the public from the meeting for certain items. This is because they involve the likely disclosure of exempt information as defined in Part I of Schedule 12A of the Local Government Act 1972².