Issue - meetings

(i)       to approve the attached Internal Audit Charter; and

(ii)       to note that significant changes had been made to the Charter approved in February 2025 by the Committee to ensure compliance with the Global Internal Audit Standards (GIAS), which replaced the previously used Public Sector Internal Audit Standards (PSIAS).

With reference to article 7 of the minute of its meeting of 20 February 2025, the Committee had before it a report by the Chief Internal Auditor which sought agreement for the Internal Audit Charter.

The report recommended:-

That the Committee approve the attached Internal Audit Charter. Significant changes had been made to the Charter approved in February 2025 by the Committee to ensure compliance with the Global Internal Audit Standards (GIAS), which replaced the previously used Public Sector Internal Audit Standards (PSIAS).

In response to a question relating to the why the differences between the Charter approved in February and this version were not highlighted, the Chief Internal Auditor advised that the standards had completely changed and it was not possible to provide a comparison.

The Committee resolved:-

to approve the recommendation contained in the report.