Issue - meetings

The Committee had before it a report by the Chief Internal Auditor which presented the Internal Audit Annual Report for the North East Scotland Pension Fund for 2020/21.

The Committee heard from Mr Colin Harvey, Chief Internal Auditor (Interim) in relation to the report.

The report recommended:-

that Committee –

(a)      note the Annual Report for 2020/21;

(b)      note that the Chief Internal Auditor has confirmed the organisational independence of Internal Audit;

(c)      note that there had been no limitation to the scope of Internal Audit work

during 2020/21; and

(d)      note the progress that management had made with implementing recommendations agreed in Internal Audit reports.

The Committee resolved:-

(i)       to note that the outstanding action in relation to the recommendation that all officers involved in preparing and reviewing investment proposals complete declarations of interest (page 24 of the report refers) had been resolved since the report had been published; and

(ii)       to approve the recommendations.

The Board resolved:-

to note the decision of the Committee.