150305 Audit Plan

CABINET 15TH MARCH, 2005 ITEM NO.19 AUDIT SERVICES - ANNUAL AUDIT PLAN 2005/06 Responsible Cabinet Member(s) - Councillor Don Bristow, Resource Management Portfolio Responsible Director(s) - Paul Wildsmith, Director of Corporate Services Purpose of Report 1. To seek approval to Audit Services’ Audit Plan for 2005/06. Information and Analysis 2. Audit Services’ reporting regime to Members includes a report to Cabinet each year to approve the Annual Audit Plan (Minute Reference C15/Jun/2002). In this regard, the Annual Audit Plan for 2005/06 is detailed in Appendix A to the report. 3. The Council's external auditors, PricewaterhouseCoopers (PWC) again this year awarded Audit Services the maximum score of 4 under the Auditor Scored Judgements through the Comprehensive Performance Assessment. They commented in their report upon the "Financial Aspects of Corporate Governance - 2003/04 Audit of Accounts" that within the Council, Audit Services is regarded as a key management tool in developing and monitoring the internal control arrangements in relation to financial and non-financial systems, that the work undertaken was satisfactory and as a result they were able to place reliance on it. 4. PWC recognised that Audit Services is involved from time to time with individual business units in systems development and implementation projects. This advisory work is welcomed by the business units because of the added value provided ...