The Audit Manager presented the report advising this was an annual report. The Audit Manager noted that there had been a reduction in days to 765 however reassured the Committee that the Head of Internal Audit was satisfied with the level of resource and this could be achieved through the 5-Borough partnership.

The Audit Manager advised there were a number of new pieces of work due to be undertaken including a review of the processes for the new GDPR regulations due to come into force in May 2018 as well as the Governance arrangements for the Local Authority Property Company.

Members asked what work would be carried out in regards to contract procurement specifically in relation to the Veolia Contract and the Audit Manager responded that work would be undertaken across the South London Waste Partnership Boroughs to assess value for money and contract compliance.

Members asked questions regarding the cycle of audits and provision for responding to one-off issues. The Audit Manager responded that there was a 3 year cyclical program in place for key financial system audits, however the plan was flexible and therefore there was still provision for any issues arising during the year that were not included within the plan.

RESOLVED: That Members reviewed and commented upon the 2018/19 Draft Internal Audit Strategy, Plan and Charter.