AS2005JAN25.Rep Internal Audit Update

Audit Sub Committee rdInternal Audit Summary, 3 Quarter Use of Resources and Performance Auditor Hour Resources (Inputs) 1.1 Over 4,300 hours of auditor time has been spent on internal audit work to date this year (2004/2005). 1.2 The analysis of net audit time is as follows: Actual % of net Hours Productive Work Project work 2,302 52% Risk and Control Advice 328 8% Special Investigations 495 11% 3,125 71% (a) Overheads Staff training (inc. professional) 212 5% Audit planning, management and control 359 8% Computer audit sales 135 3% Administration, filing etc. 374 9% Audit Team Meetings 124 3% Other 41 1% 1,245 29% _______ __________4,370 100% Total Hours Note: (a) As against an Internal Audit standard of 70% productive time (Audit Manual) Projects (Outputs) 1.3 103 projects were planned for 2004/2005 of which 37 (36%) are complete. The target for 2004/2005 is 70% of all planned projects completed. 1.4 308 unplanned projects have been carried out to date of which 237 (77%) are recorded as advice. 1.5 27 service risk assessment workshops have been held representing 56% of services as recorded on the service pentile list. The Section has a target of completing 80% of all service risk assessments by the end of March. 2. Matters of Interest 2.1 Annual Statement of Internal Control (SIC) From April this year the Accounts and Audit ...