Present:
J Bromiley (Chair), E. Bolton, M. Curry, S Duncan, G. Field & R Harrison
In Attendance:
S Judson, Vice-Principal Finance and Business Planning
C. Tomlinson, Vice Principal Curriculum and Performance
D Ridley, (Clerk to the Corporation)
V. Charlton (Committee Secretary)
W. Brown Audit One, Internal Audit
C. Leece RSM, External Audit
Apologises for Absence:
None
524 Private Session of Committee and Auditors
Private discussion of Committee and Auditors to raise any issues which they felt unable to discuss in staff presence.
525 Conflicts of Interest
There were no conflicts of interest declared.
526 Minutes of meeting of 24th March 2022
The Committee noted and approved the minutes of the meeting held on 24th March 2022 as a true and accurate record.
527 Matters Arising
Item 521: The Vice Principal Finance and Business Planning would provide an annual report relating to value for money. The Report will be presented to November 2022 Audit Committee.
528 Internal Audit Reports / Health & Safety / Internal Audit Progress Report
The Internal Auditor (Audit One) presented the reports to the committee. The reports were confidential for reasons of commercial sensitivity.
529 External Audit Reports
The External Auditor (RSM) presented the reports to the Committee. The reports were confidential for reasons of commercial sensitivity.
530 College Leadership Group Reports
This section includes:
530 Risk Management Update
The Principal presented an update on risk management. This report and appendices were confidential for reasons of commercial sensitivity.
530 Sub-Contract Arrangements
The Vice Principal Curriculum and Performance presented the report which was confidential for reasons of commercial sensitivity.
530 Cyber Security
The Vice Principal Finance and Business Planning presented the report which was confidential for reasons of commercial sensitivity.
530 Audit Tracking Report
The Vice Principal Finance and Business Planning presented the Audit Tracking Report which was confidential for reasons of commercial sensitivity.
530 External Governance Review
The Vice Principal Finance and Business Planning highlighted a new emerging issue which would require consideration by the committee in the future.
A link to government guidance relating to the requirement to conduct an external governance review was included in agenda. The guidance came from the Skills for Jobs Paper which sets out ways in which governance could be strengthened and reformed and is reflected in the updates to the Code of Good Governance. It suggests that there will be an external governance review to be undertaken every 3 years, and an annual self-assessment. The 3-year period is from July 21 to August 24, and at some point in that period the college must undertake an external governance review, and there will be an associated cost.
Review to form part of the discussion at the Strategic Planning Day.
531 Any Other Business
The Vice Principal Finance and Business Planning advised that the Procurement Waiver report would be presented to the next Audit Committee in November.