The latest issue of Audit Committee Update has two main articles. The first provides an update on the latest guidance on the annual governance statement. It covers how authorities should be taking account of the impact of the COVID-19 pandemic on their governance arrangements in the annual review and the statement itself. The guidance also covers the financial management code. The update looks at the guidance from the perspective of the audit committee.
There is also an article which examines the differences in the work of external and internal audit and considers how they can work together most effectively, and links to new developments and resources of interest to audit committee members.
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