Internal Audit is primarily a statutory service which, through a risk based programme of work, gives independent and objective opinions on the Councils' control environment.
Internal Audit adhere to the Public Sector Internal Audit Standards (PSIAS), which came into force on 1 April 2013.
The Accounts and Audit Regulations 2015 requires that the Councils:
"undertake an adequate and effective internal audit of accounting records and systems of internal control"
The Audit and Risk Management Services team also assists the Section 151 Officer. Section 151 of the Local Government Act 1972 requires that the Councils:
"make arrangements for the proper administration of financial affairs"
What does Internal Audit do?
- Evaluate controls and advise managers at all levels
The team assesses the risk management culture of the organisation and reports on the effectiveness of management policies.
- Evaluate risks
The team identifies key activities and risks associated with them. They do this in a proactive way to try to anticipate future concerns and opportunities, as well as current ones.
- Analyse operations and confirm information
The team works closely with managers to look at operations and report on them.
- Review compliance
The team ensures the organisation adheres to internal and external rules, regulations, laws, codes of practice, guidelines and principles.
- Manage the risk of fraud and corruption
The team constantly tests systems and processes to identify potential fraud and misappropriation, as well as non-compliance with policies and procedures. They investigate potential wrongdoing in non-benefit fraud cases, and co-ordinate data matching for the National Fraud Initiative (NFI). They also raise fraud awareness and providing training in areas such as money laundering, and provide advice on the introduction of new systems and procedures.