The Audit Committee of Cornwall Council was scheduled to review key financial and governance documents for the 2024-25 financial year. Discussions were planned around the council's annual governance statement, statement of accounts, and the external auditor's findings. The committee was also set to consider the effectiveness of its own operations and review the financial regulatory framework.

Annual Governance Statement 2024-25

The committee was scheduled to review the Annual Governance Statement 2024-25. This statement provides assurance on the council's internal control environment and governance arrangements. It outlines the processes in place to ensure that Cornwall Council operates effectively, ethically, and in compliance with laws and regulations.

2024-25 Statement of Accounts & Audit Findings Report

A significant portion of the meeting was allocated to discussing the 2024-25 Statement of Accounts & Audit Findings Report for Cornwall Council. This report details the financial performance of the council for the year and includes the findings of the external audit. The agenda indicated that appendices to this report would also be considered, providing further detail on specific financial matters.

External Auditor's Annual Report 2024-25

The External Auditor's Annual Report 2024-25 was also scheduled for review. This report from the council's external auditors provides an independent opinion on the financial statements and an assessment of the council's arrangements for achieving value for money.

Information Governance Compliance Report

The committee was set to examine the 2024-25 Information Governance Compliance Report. This report would cover the council's adherence to information governance standards, which are crucial for protecting sensitive data and ensuring compliance with legislation such as the General Data Protection Regulation (GDPR).

Review of Financial Regulatory Framework

A review of the Financial Regulatory Framework was on the agenda. This would involve examining the policies, procedures, and regulations that govern the council's financial management to ensure they remain robust and appropriate.

Annual Review of the Audit Committee Effectiveness

The committee was scheduled to conduct an Annual Review of its own Effectiveness. This self-assessment process is designed to evaluate how well the committee is fulfilling its responsibilities and to identify any areas for improvement in its performance.

Minutes of Previous Meetings

The minutes of the previous Audit Committee meeting held on 14 November 2026, along with confidential minutes from a meeting on 14 November 2025, were listed for confirmation.

Exclusion of the Press and Public

The agenda noted that the committee would consider a resolution to exclude the press and public for a specific item. This was to be done on the grounds that the business likely to be discussed would involve the disclosure of exempt information relating to the financial or business affairs of any particular person or the authority itself, as permitted under the Local Government Act 1972.