Issue - meetings

(Report of the Consortium Treasurer)

The Management Committee received a report of the Consortium Treasurer presenting the Internal Audit Service Annual Report for 2013/14.  A copy of the report marked ‘Item 10’ is filed with these minutes.

Arising from discussion the following points were noted:

  (i)       That the Finance and Audit Subcommittee,in considering the draft Annual report had noted continuing improvement in ESPO’s governance, risk management and internal controls;

 (ii)       Overall performance against the 2013/14 Internal Audit Annual Plan continued to be positive, although there were some uncompleted audits to be carried over to 2014/15 which would continue to be monitored by the Subcommittee in the normal fashion.

RESOLVED:

That the Internal Audit Service Annual Report for 2013/14 be noted.

(Report of the Consortium Treasurer)

The Management Committee received a report of the Consortium Treasurer presenting the Internal Audit Service Annual Report for 2012-13.  A copy of the report marked ‘Item 10’ is filed with these minutes.

Arising from discussion the following points were noted:

  (i)       Members were pleased to note that the overall opinion provided by the Head of Internal Audit Service recognised: a substantial strengthening of ESPO's governance arrangements; a robust risk management framework and plans to improve awareness of risk management; and that the operation and management of the core financial systems of ESPO were of a sufficient standard to provide for the proper administration of its financial affairs;

 (ii)       The Director sought to ensure that ESPO improved its procedures and processes continuously.  Members had a significant role to play in this process of improvement.

RESOLVED:

That the Internal Audit Service Annual Report for 2012-13 be noted.