The Audit Committee of Derbyshire County Council is scheduled to consider a range of financial and risk management reports. Key discussions are expected to include the strategic risk register, performance and budget monitoring, and updates on internal and external audit progress. The committee will also review proposed meeting dates and agenda items for the upcoming year.

Strategic Risk Register

A significant item on the agenda is the review of the Strategic Risk Register for 2025-26 Quarter 3. This document outlines the council's approach to identifying, assessing, and managing potential risks that could impact its objectives. The committee will examine the current state of these risks and the strategies in place to mitigate them.

Performance and Budget Monitoring

The committee is set to review the Performance Monitoring and Budget Monitoring/Forecast Outturn. This will involve an examination of the council's financial performance against its budget and an assessment of future financial forecasts. Supporting documents include appendices detailing finance summaries for various departments, such as Adult Care, Children's Services, and Business Services, as well as the Council Efficiency DOGE Finance Summary.

Financial Regulations and Accounting Policies

The committee's agenda includes a review of updated Financial Regulations and Accounting Policies. These documents are fundamental to the council's financial governance and ensure that financial activities are conducted in a compliant and transparent manner. The updated financial regulations are accompanied by Appendix 1, Financial Regulations Feb 26 version, and the accounting policies are presented with supporting appendices for 2025-26 and 2026-27.

Tax Strategy

A Tax Strategy is also scheduled for discussion. This strategy outlines the council's approach to taxation, ensuring compliance with tax laws and managing tax liabilities effectively.

Audit Progress and Plans

The committee will receive updates on both internal and external audit activities. This includes the Internal Audit Progress Report for March 2026, along with its associated Appendix 2. Furthermore, the Internal Audit Annual Plan for 2026-27, including Appendix 2, will be presented for consideration. The External Auditor progress report will also be reviewed.

Future Meeting Planning

A key item for forward planning is the discussion of Meeting Dates and Agenda Items for 2026-27. This report seeks approval for the proposed schedule of meetings and the topics that are likely to be discussed throughout the next financial year. The report notes that the Audit Committee is a key component of the Council's corporate governance and risk management arrangements and is responsible for oversight of the Council's arrangements for financial reporting, internal and external audit and assists in ensuring that efficient and effective assurance arrangements are in place. ¹ Proposed changes for the 2026-27 schedule include adding a review of the Annual Governance Statement recommendation progress and action tracker as a standing item, and the inclusion of a review of the national fraud initiative.