Decision details

Audit Committee Risk Register

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The updated Audit Committee Risk Register was presented by the Finance Lead Specialist (Section 151 Officer).  The Risk Register had last been reviewed by the Committee on 5 December 2019 and the recommendation from that meeting had been included within the update, namely allocation of unique numbers to each risk in order avoid confusion.

 

No changes were proposed to the two risks considered by the Committee on 5 December 2019.  However, the Finance Lead Specialist (Section 151 Officer) was proposing a new risk, prioritised as having a medium likelihood and a marginal impact:-

 

AC/14: The effectiveness of the Audit Committee is limited due to the impact of the Covid-19 pandemic.  This includes the risk arising from the long gap between meetings of the Audit Committee (from December 2019 to September 2020), the risk arising from virtual meetings and the risk of reduced support to the Committee due to increased service demands elsewhere in the organisation.

 

No Member having raised concern when asked by the Chairman, it was

 

RESOLVED – That the updated Audit Committee Risk Register be noted.

Publication date: 15/10/2020

Date of decision: 17/09/2020

Decided at meeting: 17/09/2020 - Audit Committee

Accompanying Documents: