The Audit and Standards Committee of Gateshead Council convened on 18 June 2024 to discuss several key issues, including the Members Assurance for 2023-24, the Managers Assurance Statements for 2023-24, and the Review of Effectiveness of Internal Audit for 2023-24. The committee also reviewed the Risk Annual Report for 2023-24 and the Treasury Management Annual Report for 2023-24.

Members Assurance 2023-24

The committee reviewed the Members Assurance 2023-24, which outlines the responsibilities and assurances provided by council members over the past year. The document highlighted the importance of transparency and accountability in council operations. Councillors discussed the need for continuous improvement in governance practices to maintain public trust.

Managers Assurance Statements 2023-24

The Managers Assurance Statements 2023-24 were presented, detailing the internal controls and risk management processes implemented by various departments. The statements were accompanied by Appendix 1, which provided additional context and data. The committee emphasised the importance of robust internal controls to mitigate risks and ensure efficient service delivery.

Review of Effectiveness of Internal Audit 2023-24

The committee examined the Review of Effectiveness of Internal Audit 2023-24, which assessed the performance and impact of the internal audit function. The review included a CIPFA Self-assessment and a specific review of the Audit and Standards Committee's effectiveness. Councillors discussed the findings and agreed on the need for ongoing training and development for audit staff to enhance their skills and effectiveness.

Risk Annual Report 2023-24

The Risk Annual Report 2023-24 was presented, highlighting the key risks faced by the council and the measures taken to address them. The report included several appendices (Appendix 1, Appendix 2, Appendix 3, Appendix 4, Appendix 5, and Appendix 6) that provided detailed risk assessments and mitigation strategies. The committee stressed the importance of proactive risk management to safeguard the council's interests and ensure the continuity of services.

Treasury Management Annual Report 2023-24

The Treasury Management Annual Report 2023-24 was reviewed, summarising the council's treasury activities and financial performance over the past year. The report highlighted the council's investment strategies, borrowing activities, and compliance with relevant regulations. Councillors discussed the need for prudent financial management to maintain the council's financial stability and support its strategic objectives.