Issue - meetings

(All wards)

Report Authorised by:Fiona McDermott: Strategic Director for Finance and Investment

Contact for enquiries: Justin Martin, Chief Audit Executive, 07881 802 336

Justin Martin, Chief Audit Executive, introduced the report and responded as follows:

·           There had been a special session of Corporate Committee in January and input from this meeting had been incorporated into the 2022-23 Plans.

·           Appendix 1 detailing carbon neutrality by 2050 was an error and it should have been 2030.

·           Internal Audit’s budget was 8% smaller than in 2020-21 and it was not possible to audit all items. 

·           Items could be substituted on request, although the Chief Audit Executive was content with the programme, however justification for long periods without audit would be provided in future.

·           Lambeth operated in a high-risk environment and in-year substitutions were likely to be made.

·           Climate risks and mitigations were developing, and PwC had invested considerable resources to develop measurable criteria and methods to demonstrate carbon neutrality.

·           The conflict in Ukraine and energy concerns might be expected to affect carbon neutrality, although it could also help drive measures to become carbon neutral.

RESOLVED:

1.         To approve the draft Internal Audit and Counter Fraud Plans for 2022/23.