Audit Committee Update is a briefing for audit committee members and those working closely with the audit committee. Each issue provides insights on key areas of interest for the committee, including governance, internal audit, external audit and risk topics. In addition there are links to background information and topical reports of interest.
Issue 27 includes an article on recent reports from the national audit bodies, the National Audit Office, Audit Scotland and the Wales Audit Office about local government financial reporting and risks. It also provides an update on the current arrangements for local audit in England and a recent report commenting on the effectiveness of those arrangements.
Key findings and recommendations from a second National Audit Office report Local Authority Governance are also highlighted. This report includes findings on the effectiveness of local arrangements for governance, including audit committees, internal audit and the role of the statutory officers and all those involved with English local authorities should consider the conclusions and recommendations.
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