Issue - meetings

(i)       to note the response provided to questions from members; and

(ii)       to otherwise endorse the recommendations for improvement and agreed by the relevant function.

The Committee had before it a report by the Interim Chief Internal Auditor which presented an audit in relation to Financial Sustainability which was undertaken to provide assurance that the Controls and Assurance Actions were operating as expected in ensuring that the identified risk was adequately mitigated.

The report recommended:-

that the Committee review, discuss and comment on the issues raised within this report and the attached appendix.

In response to a question relating to whether this audit was to ensure that everything was done correctly rather than the profile of the risk, the Interim Chief Internal Auditor advised that yes it was to ensure that the correct actions and mitigations were in place against the risks identified.

In response to a question relating to whether there was a danger in the process of the Council being risk adverse, the Chief Officer – Finance advised that the Risk Appetite Statement was one element of how the Council measured risks and showed that the Council were open to risks as defined in the Risk Appetite Statement.

In response to a question relating to risk registers and whether all risks were managed and reported, the Chief Officer – Governance advised that there was a good system in place to monitor the risks including the Risk Board to monitor corporate risks, risk managers monitored risks within their clusters and the system of risk was reported to this Committee on an annual basis.

The Committee resolved:-

(i)       to note the response provided to questions from members; and

(ii)       to otherwise endorse the recommendations for improvement and agreed by the relevant function.