Annual-Internal-Audit-Report-2017-2018

Annual Internal Audit Report 2017/18

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This authority’ s internal ‘auditor, acting‘independently and on ‘the basis ofan ‘assessment of.risk,
carried out a selective assessment of compliance with relevant procedures and controls to bein
operation during the financial year ended 31 March 2018.

The internal audit for 2017/18 has been carried out in accordance with this authority's needs
and planned coverage. On the basis of the findings in the areas examined, the internal audit
conclusions are summarised in this table. Set out below are the objectives of internal control
and alongside are the internal audit conclusions on whether, in all significant respects, the control
objectives were being achieved throughout the financial year to a standard adequate to meet the
needs of this authority.

A. Appropriate accounting records have been properly kept throughout the financial year.
B. This authority complied with its financial regulations, payments were supported by invoices,
all expenditure was approved and VAT was appropriately accounted for.
C. This authority assessed the significant risks to achieving its objectives and reviewed the
adequacy of arrangements to manage these.
D. The precept or rates requirement resulted from an adequate budgetary process, progress against
the budget was regularly monitored; and reserves were appropriate.
E. Expected income was fully received, based on correct prices, properly recorded and promptly
banked; and VAT was appropriately accounted for.
F. Petty cash payments were properly supported by receipts, all petty cash expenditure was
approved and VAT appropriately accounted for.
G. Salaries to employees and allowances to members were paid in accordance with this authority's
approvals, and PAYE and NI requirements were properly applied.
H. Asset and investments registers were complete and accurate and properly maintained,
Periodic and year-end bank account reconciliations were properly carried out.
J. Accounting statements prepared during the year were prepared on the correct accounting basis
(receipts and payments or income and expenditure), agreed to the cash book, supported by an
adequate audit trail from underlying records and where appropriate debtors and creditors were
properly recorded.

K. (For local councils only)

Trust funds (including charitable) — The council met its responsibilities as a trustee.

For any other risk areas identified by this authority adequate controls existed (list any other risk areas on separate sheets
needed). iy one. Please Fee Appendix | for adtes on cyellea festing -
Date(s) | internal audit undertaken Name of person who carried out the internal audit

Signature of personwho
carried out the internal audit -

Annual Governance and Accountability Return 2017/18 Part 3 Page 3 of 6

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