The Audit and Corporate Governance Committee of Camden Council was scheduled to discuss the draft Internal Audit and Investigations Plan for 2026-27, receive an update on the Council's principal risks, and review the audited financial statements for Camden Living Limited. Other items on the agenda included proposed minor constitutional changes, updates on accounting policies, and the committee's work and training plan.

Draft 2026-27 Internal Audit and Investigations Plan

The committee was scheduled to consider the draft Annual Internal Audit and Investigations Plan for 2026-27. This plan outlines the risk-based internal audit strategy, including resource requirements, the approach to using other sources of assurance, and any necessary work to rely on those sources. The report also details the planned anti-fraud activity for the upcoming year.

Principal Risk Update

A report was scheduled to provide an update on the actions being taken to mitigate the Council's key principal risks, presenting the Council's position as of February 2026. This update is intended to allow the committee to monitor the effective development and operation of risk management within the Council. The report specifically addresses principal risks with the highest scores, including financial resilience and strategy, Housing Revenue Account (HRA) financial resilience, increasing homelessness, financial resilience of residents, delivering net zero carbon and improving climate resilience, High Speed 2 and Euston, and cyber and data security.

Camden Living Financial Statements 2024/25

The committee was to be briefed on the audited financial statements for Camden Living Limited (CL) for the 12-month period ending 31 March 2025. These statements, which have been registered at Companies House, demonstrate that the company continues to trade viably in line with company law requirements. The report highlights key aspects of CL's financial position and performance. Camden Living Limited is a wholly owned subsidiary of the London Borough of Camden, established to improve housing opportunities for residents.

Minor Constitutional Changes

The committee was to consider minor proposed changes to the Council's Constitution. These changes are intended to be tidying-up and clarifying amendments, rather than significant alterations to decision-making processes or members' rights and duties. The proposed changes include updates to the process for sealing Council deeds and a clarification regarding the allocation of statutory roles, specifically the Section 151 officer, to specific council posts.

Accounting Policies for 2025/26 Statement of Accounts and Update on Financial Reporting

The committee was asked to approve the accounting policies that will be applied to the Council's financial statements for the 2025/26 financial year. This annual review ensures the policies remain appropriate against the relevant legislative framework and guidance. The report also provides an update on the reporting of the 2024/25 accounts. A key change relates to the application of indexation to asset valuations, a mandatory requirement from the 2025/26 Code of Practice on Local Authority Accounting.

Work and Training Plan and Action Tracker

The committee was scheduled to review its work programme and training plans for the upcoming municipal year. The report summarises the planned activities for the committee and provides an action tracker detailing the progress on actions arising from previous meetings. The proposed work plan includes regular reviews of external audit, internal audit, counter fraud, and treasury management reports, as well as annual reviews of the committee's effectiveness and the Council's policies.

The next meeting of the Audit and Corporate Governance Committee was scheduled for Tuesday, 7 July 2026.