PURPOSE OF REPORT

1. This report is to inform members of the newly re-formed Audit Committee of proposals for their initial training.

BACKGROUND

2. The re-establishment of the Audit Committee provides an appropriate opportunity for elected members to participate in training which will provide a firm foundation for its future work. Although largely instructive it will also give members the opportunity to have input into the developing role of the Audit Committee.

DRAFT PROPOSALS

3. Key officers who provide support to the Audit Committee have discussed the potential areas that might initially be covered.

They include:

TOPIC	POTENTIAL PRESENTERS
(a) The role of External Audit	Alistair Rankine
(b) Internal Control and the role of Internal Audit	Ged Richardson
(c) Risk Management and the Council’s approach to managing risk	Chris Bentley
(d) Financial Management	Stuart Fraser
(e) Corporate Governance including the role of the Audit Committee	April West and Bob Streets

4. The above are ‘headline’ titles and there are certain to be many more issues dealt with amongst them. They could though be seen as a good first start. Members of the Audit Committee are asked to consider whether there are any specific topics which they would like to see covered.

5. It would be our intention to run each of the above as a 2/3 hour session on a fortnightly basis beginning in November. Timing would of course be subject to availability of members as we would hope that all Audit Committee members would attend.

6. Members are invited to comment on the proposals.

Contact Point : Bob Streets, Compliance and Risk Manager, ( 823622,

Email: [email protected]

R J STREETS

Compliance and Risk Manager