Issue - meetings

Purpose: To update the Committee on the status of Internal Audit work as at the end of Quarter Three 2024/25.

The Committee considered a report (Agenda Item 6) concerning the internal audit update report for quarter three 2024/25.

The Audit Manager introduced the report and highlighted that there had been no significant issues of concern arising from the work that had been completed in the quarter. </AI5>She highlighted that the audit team had a target to achieve 80 per cent of the audits on the approved audit plan by the end of the year and that, at this point, they were projected to complete 87 per cent.

Members were informed that there had been zero no assurance, one limited assurance, two reasonable assurance, and three substantial audits over the quarter. However, there had been an unsatisfactory follow-up which was noted as going to receive another follow-up in six months. The Committee noted that a follow-up would be carried out after a limited assurance audit rating.

The Committee thanked the work of the internal audit team and welcomed the news that they were ahead of their audit plan target. As they were satisfied with the report, the Committee agreed to note the Internal Audit Update Report for Quarter Three 2024/25.