080604Item21 - Audit Services
CABINET 8 JUNE 2004 ITEM NO. 21 AUDIT SERVICES’ ANNUAL REPORT 2003/04 Responsible Cabinet Member(s) - Councillor Don Bristow, Resource Management Portfolio Responsible Director(s) - Paul Wildsmith, Director of Corporate Services Purpose of Report 1. To provide Cabinet with Audit Services’ Annual Report for 2003/04 in accordance with Audit Services’ role and terms of reference. Information and Analysis 2. The Annual Audit Plan for 2003/04 was approved by Cabinet in April 2003 and Audit Services’ Annual Report against this plan is attached at Appendix A. 3. The Annual Report should be considered in the context of fulfilling the function to monitor the adequacy and effectiveness of the Council’s internal control environment and the Internal Audit service provided. 4. The report details the internal audit service provided; operational performance achieved; audit assignment, consultancy work and contingency activity undertaken; outcomes against key performance indicator targets; and looks forward to the next financial year. 5. The outcomes from the audit assignments undertaken, together with the positive responses from management to accept and implement required improvements to control systems, complemented by consultancy work carried out to advise and assist management to establish appropriate controls at source, demonstrate that the Council continues to operate within a control environment that is generally sound. 6. In ...