The Audit and Risk Management Committee meeting on 04 December 2024 was scheduled to involve discussion about the Council's finances in the 2022-23 financial year, their plans for managing their finances in the future, and how they manage risk. The meeting was also scheduled to involve discussion of a number of reports on the work of the Committee and the Council.

External Audit Plan 2023-24

The Committee were scheduled to consider the Audit Completion Report, which sets out the findings of the external auditors, Ernst & Young, on the Council's Statement of Accounts for 2022-23. The report gives an unqualified opinion on the accounts, meaning the auditors believe they give a true and fair view of the Council's finances.

We are satisfied that the Council has made proper arrangements for the exercise of its functions, and that the arrangements accord with the requirements of the Local Government Act 1972.

The report also includes a Letter of Representation provided by the Council to the auditors, outlining their responsibilities for the accounts.

Treasury Management Strategy

The Committee were also scheduled to discuss the Council's Treasury Management Strategy Statement and Annual Investment Strategy Mid-Year Review 2024 25, which sets out how the Council plans to manage its cash flow, investments, and debt over the medium term. The strategy was developed in line with guidance from the Chartered Institute of Public Finance and Accountancy (CIPFA).

Internal Audit Progress Report

A report on the progress of the Internal Audit plan for 2024-25 was scheduled to be presented to the Committee. The report provides an update on the audits that have been completed since the last meeting of the Committee on 22 July 2024, those that are currently in progress, and those that are planned for the future.

Work Programme

The Committee were scheduled to review their work programme for the coming year.

Risk Management

The Committee were scheduled to receive a report on the Corporate Risk Register, which details the key risks facing the Council and how they are being managed.

Independent Member Report

A report from the Independent Member of the Audit and Risk Management Committee was scheduled to be discussed. The report provides an independent perspective on the work of the Committee.