Elizabeth Seale

...to review the External Auditor’s Interim Annual Report for 2024/25 and make observations, comments, and requests for clarification as needed.

...to review the External Auditor’s Progress Report and Sectoral Update for Cornwall Council, as set out at Appendix 1, and make such observations, comments and requests for clarification as may be required.

... the Audit Committee of Cornwall decided to receive the 2024-25 Annual Shareholder/Member Reports for Corserv Ltd, Cornwall Housing Ltd, Treveth Property Holdings LLP, LGV Property Holdings LLP and Celtic Sea Power Ltd and provide comment to inform the Shareholder/Owner Representatives prior to their final approval on behalf of the council as shareholder/owner, and to work with officers and Council Owned Entity representatives to ensure requests for additional information is clear, concise and consistent in its reporting and presentation for future years.

...to note the External Auditor’s Progress Report and Sectoral Update for Cornwall Council, as set out in Appendix 1, and to request IT recommendations for the next meeting, ISO 260 reports for high-level audit findings, and an informal meeting with external audit and members.

...to take assurance from the work of the Counter Fraud and Internal Audit team that risks and exposures to fraud were being reasonably managed through a comprehensive framework of prevention, detection and deterrence activities, and to sharpen fraud KPIs, compile historical fraud data, develop assurance mapping, and share outputs informally.