Report to:

Pension Committee

 

Date of meeting:

25 September 2024

By:

Chief Internal Auditor

 

Title:

Internal Audit Report

 

Purpose:

 

This report advises the Committee of the outcome of the Pension Fund Investments and Accounting audit.


RECOMMENDATIONS

The Committee is recommended to note the Pension Fund Investments and Accounting audit report (Appendix 1).


1.         Background

1.1       The review of Pension Fund Investments and Accounting was completed as part of the Internal Audit Strategy for Pensions 2023/24 and provides assurance on the overall effectiveness of the system’s controls.  This is the final audit for 2023/24.

1.2       As a result of our work, we were able to provide an opinion of Substantial Assurance over the controls in place.  

2.         Conclusions and Reasons for Recommendation

2.1       The Pension Committee is recommended to note the Internal Audit report.

 

RUSSELL BANKS

Orbis Chief Internal Auditor

Contact Officer:          Nigel Chilcott, Audit Manager

Tel No.:                       07557 541803

Contact Officer:          Danny Simpson, Principal Auditor     

Tel No.:                       07701 394826

 

BACKGROUND DOCUMENTS:

None