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“Why was the 22/23 audit incomplete?”

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Summary

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The council meeting focused on updates and strategic planning across various committees, with significant discussions on audit processes, data analytics, and statutory surveillance powers. Members engaged in detailed inquiries about audit timelines, data analytics advancements, and the use of investigatory powers, reflecting a proactive approach to governance and compliance.

  1. External Audit Update: The committee discussed the external audit updates for three fiscal years. Concerns were raised about the lack of a full audit for the 22/23 fiscal year due to resource limitations at the auditing firm, EY. The decision to accept a value-for-money audit instead was debated, with worries about the adequacy of financial oversight during a politically and administratively transitional period for the council. The implications are significant as they could affect the council's financial transparency and accountability.

  2. Data Analytics Program: The introduction of a data analytics program was discussed, aimed at enhancing audit efficiency and depth. The program plans to expand data analytics capabilities within the internal audit team, moving towards continuous auditing and potentially predictive analytics. The discussion highlighted the need for upskilling the team and possibly acquiring more advanced tools like Tableau, depending on the success of initial efforts. This decision could lead to more precise and efficient auditing processes, potentially uncovering financial discrepancies that manual sampling might miss.

  3. Use of Statutory Surveillance Powers: The council reviewed its use of the Regulation of Investigatory Powers Act (RIPA) 2000, which allows for directed surveillance to prevent crime. It was decided to continue using these powers, both under and beyond the strict legal thresholds set by RIPA, for cases like blue badge fraud. This decision underscores the council's commitment to leveraging legal tools for public benefit, balancing privacy concerns with enforcement needs.

Interestingly, the meeting revealed a proactive stance on technological integration and legal powers, reflecting a forward-thinking governance approach. However, concerns about external audit limitations indicate ongoing challenges in maintaining robust financial oversight.

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Meeting Documents

Agenda

Agenda frontsheet 12th-Mar-2024 19.30 Audit Committee

Reports Pack

Public reports pack 12th-Mar-2024 19.30 Audit Committee

Additional Documents

Appendix A - Data Analytics Programme
Update on the 2021-22 to 2023-24 external audits
Appendix A
Internal Audit Charter Strategy
Councils use of RIPA for the year 2023-24
Data Analytics Programme-cover