NHS Fife Audit Committee Effectiveness Review – January 2012

Q
Ref. / Code of Corp. Gov. Ref (Section C)
Paragraph(s) / 2011/12 Work Plan
Reference / Comments
1 / 3.1 / November / In practice, the committee currently meets 6 times per annum
2 / Current members have experience in the management of significant budgets. One member has Accounting Officer experience and current budget responsibility.
3 / COCG Section C
4 / 4.23 / January / Reviewed as part of the annual review of the Code Of Corporate Governance
5 / 2 (Composition)
6 / Provided according to need and may include attendance at CIPFA training course, provision of Audit Committee Handbook, and meetings with auditors and executives.
7.1 / 4.3-4 / June / Internal control
7.2 / 4.32 – 4.34 / May/June / Risk register
7.3 / 4.9 – 4.15 / November / Internal audit
7.4 / 4.16 – 4.22 / November / External audit
7.5 / 4.23 – 4.24 / January / SOs & SFIs
7.6 / 4.28 / June / Schedule of losses & compensations
7.7 / 4.7, 4.25 – 4.26 / May/June / Annual accounts & Governance Statement
7.8 / 4.27 / June / Changes in accounting policies
8 / 3.8, 4.35 – 4.37, 6 – 6.1 / Minutes, together withverbal highlights, report from chair of committee
9 / 4.36 / June
10 / 4.31 / Ad-hoc / Audit Scotland Technical Bulletins and reports are provided for members. The Chair of the Audit Committee attends Audit Forum meetings. DoF briefs as necessary.
11 / 4.32 / Adhoc / Audit Committee reviews minutes of risk management meetings, review of risk management governance underway
12 / 4.12 / June
13 / 4.9 / March
14 / 4.14 / January / Annual private meeting. All Audit reports are sent direct to committee members
15 / 4.35 / Discussed regularly and kept under review
16 / 4.10 / Standing item
17 / 4.11 / November/March / The Audit Committee Annual Work Plan requires the Director of Finance and Internal Audit to bring a Follow-Up Monitoring Report twice per year.
18 / 4.14 / January / Annual Private Meeting
19 / 4.13 / Audit Committee reviews the Annual Audit Plan, The Annual Internal Audit Report and the progress report presented at each meeting.
20 / External Audit reviews Internal Audit and reports to Audit Committee.
21 / 4.13 / Standing item / A progress report is provided at each meeting
22 / Section F 15 (Audit)
23 / 4.21 / In carrying out its duties, External Audit places reliance on the work of Internal Audit
24 / 4.17 / January
25 / May / Best Value Report
26 / November/March / The Audit Committee Annual Work Plan requires the Director of Finance and Internal Audit bring a Follow-Up Monitoring Report twice per year.
27 / 4.19 / Standing item
28 / 4.20 / September
29 / 2.4 / November
30 / 3.3
31 / November / Workplan discussed and timetable agreed.
32 / November / Workplan discussed and agreed.
33 / 4.25 – 4.28 / June
34 / November/June / Meeting timetable agreed in November and June meeting timed to immediately precede the June Board meeting.
35 / 4.27 / June
36 / 4.29 / January / Costs not reviewed
37 / 4.29 / January/March
38 / Yes – Annual Report and Directors Report.