The Audit Committee of Tower Hamlets Council is scheduled to consider a range of financial and risk management matters. Key discussions are expected to include progress on action plans following external recommendations, internal audit and anti-fraud reports, and the council's risk management arrangements. The committee will also review treasury management strategies and policies for the upcoming financial year.

Risk Management and Action Plan Progress

A significant portion of the meeting is expected to focus on the council's risk management framework. This includes a review of the Corporate Risk Register, with detailed reports and a deep dive into the Children's Services Directorate Risk Register. The committee will also consider the Progress Update on Mobilisation of Action Plan in Response to External Recommendations, which will outline the council's progress in addressing points raised by external auditors.

Internal Audit and Anti-Fraud

The committee is scheduled to receive an update on the work of the Internal Audit and Anti-Fraud teams. This report will cover their progress and activities, providing insight into the council's efforts to maintain financial integrity and prevent fraud and corruption.

Treasury Management Strategy and Investment

Discussions are planned regarding the council's financial planning for the upcoming year, specifically concerning treasury management. This includes the Treasury Management Strategy, MRP Policy Statement and Annual Investment Strategy 2026/27, which outlines how the council will manage its financial assets and borrowing. A Treasury Management Mid-Year Review 2025/26 will also be presented, offering an assessment of the current financial year's performance against the established strategy.

Audit Committee Work Plan

The committee will also review its own forward plan of work. This document, the Audit Cttee work plan draft 2025-26v7 - Mtg 290126 ¹, will outline the topics and activities scheduled for future meetings, ensuring the committee continues to effectively oversee the council's governance and financial arrangements.