Audit and Assurance committee handbook

Annex E: Example Annual Core Work Programme

Spring Meeting

• Review performance relating to risk management
• Review the Internal Audit charter / terms of reference, strategy and the periodic work plan for the coming financial year
• Consider External Audit plans for the coming financial year
• Consider any reports from Internal Audit and management responses
• Consider financial reports, including relevant information about financial performance and achievement of financial targets
• Consider any reports from other sources within the "three lines of assurance" integrated assurance framework

Summer Meeting

• Review performance relating to risk management
• Review and consider the accounts for the financial year just finished
• Consider (emerging) External Audit opinion for the financial year just finished
• Review assurances provided by senior staff for the annual governance statement
• Consider Internal Audit opinion for the financial year just finished
• Consider an annual report on fraud and security
• Advise the Accountable Officer on signing the accounts and governance statement
• Consider any reports from Internal Audit and management responses
• Consider a financial report, including relevant information about financial performance and achievement of financial targets
• Consider an annual report to the Board and Accountable Officer
• Consider any reports from other sources within the "three lines of assurance" integrated assurance framework

Autumn Meeting

• Review performance relating to risk management
• Review the performance management arrangements adopted by the body including, where appropriate, the timetable for reviewing such arrangements
• Consider any reports from Internal Audit and management responses
• Consider the External Audit management letter for the previous financial year and the response to/implementation of any recommendations
• Consider a financial report, including relevant information about financial performance and achievement of financial targets
• Consider any reports from other sources within the "three lines of assurance" integrated assurance framework

Winter Meeting

• Review performance relating to risk management
• Consider any reports from Internal Audit and management responses
• Consider a financial report, including relevant information about financial performance and achievement of financial targets
• Consider the committee's own effectiveness in its work
• Review the committee's Terms of Reference
• Consider any reports from other sources within the "three lines of assurance" integrated assurance framework