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What Does Internal Audit Do?

Internal Audit is an independent, objective assurance and consulting function established within the Council that primarily provides an independent and objective opinion to the organisation on the control environment comprising risk management, internal control and governance, by evaluating its effectiveness in achieving the organisation's objectives. It objectively examines, evaluates and reports on the adequacy of the control environment as a contribution to the proper, economic, efficient and effective use of resources. Internal Audit will advise management where internal control systems can be improved, and seek to promote compliance with corporate policies and procedures, and accomplishment of corporate priorities, through its systematic review of the Council's activities.

Internal Audit's responsibilities include:

  • Reviewing, appraising and reporting on the soundness and adequacy of systems of internal control, whether operations are being carried out as planned, and corporate priorities being met
  • Reviewing, appraising and reporting on the reliability and integrity of financial and management information, including data quality and performance measurement
  • Assessing and reporting on the extent to which assets and interests are accounted for and safeguarded from loss
  • Supporting and encouraging improvements in the efficiency, economy and effectiveness of services
  • Provision of advice on all aspects of risk and control, including interpretation of the Council's Financial Procedure Rules and Contract Procedure Rules
  • Reviewing and updating the Council's Financial Procedure Rules and Contract Procedure Rules to reflect emerging risks and organisational change
  • Advising on control and risk implications of enhancements to existing/new systems
  • Promoting and encouraging best practice in Council's risk management and governance processes through review and appraisal of arrangements
  • Working in partnership with other bodies to secure robust internal control that protects the Council's interests
  • Co-iodinating with the work of external auditors and other review functions
  • Investigating frauds and irregularities and undertaking other special investigations where appropriate

 The terms of reference for Internal Audit are included in the Audit Charter. The Audit Strategy sets out the annual approach to providing the audit service.