Public reports pack Thursday 09-Jul-2015 19.00 Corporate Committee

Recommendations

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Summary of workThis progress report to Lambeth Living’s Audit and Resources Committee contains two elements: An overview of progress against the 2014/15 Internal Audit plan; and A reminder of the grading system used in our reports.Overview of progressThe table below sets out progress with respect to our 2014/15 programme for the year:Review Status Fieldwork dates Audit Committee RatingService charge (agreed uponprocedures)Complete. w/c 18 August 2014 January 2015N/a – Agreed UponProceduresFollow-up review Complete. w/c 20 October 2014 January 2015 N/a – Rating Not GivenPerformance and planning –programme management officePerformance and planning –performance monitoringComplete w/c 12 January 2015 April 2015 LowComplete w/c 12 January 2015 April 2015 LowPage 24Key finance systems Complete. w/c 19 January 2015 April 2015 HighIT Oracle 12 Complete. w/c 2 February 2015 April 2015 LowComplaints system Complete. w/c 26 January 2015 April 2015 LowWelfare reformA clearance meeting has been held withmanagement to discuss initial findings.The report is in the process of being drafted.w/c 9 February 2015 April 2015 TBCInternal Audit progress reportPwC 1
Basis of our classificationsIndividual finding ratingsFinding ratingAssessment rationaleCritical A finding that could have a: Critical impact on operational performance; or Material monetary or financial statement impact; or Critical breach in laws and regulations that could result in material fines or consequences; or Critical impact on the reputation or brand of the organisation which could threaten its future viability.High A finding that could have a: Significant impact on operational performance; or Significant monetary or financial statement impact; or Significant breach in laws and regulations resulting in significant fines and consequences; or Significant impact on the reputation or brand of the organisation.Page 25Medium A finding that could have a: Moderate impact on operational performance; or Moderate monetary or financial statement impact; or Moderate breach in laws and regulations resulting in fines and consequences; or Moderate impact on the reputation or brand of the organisation.Low A finding that could have a: Minor impact on the organisation’s operational performance; or Minor monetary or financial statement impact; or Minor breach in laws and regulations with limited consequences; or Minor impact on the reputation of the organisation.Internal Audit progress reportPwC 2
Page 1 and 2: CORPORATE COMMITTEE - DRAFT AGENDAD
Page 3 and 4: AGENDAPLEASE NOTE THAT THE ORDER OF
Page 5 and 6: Page 1Agenda Item 2CCORPORATE COMMI
Page 7 and 8: Page 3It was a requirement for Loca
Page 9 and 10: Page 5Government Act 1972 and as sp
Page 11 and 12: Corporate Committee Work Programme
Page 13 and 14: Corporate Committee Work Programme
Page 15 and 16: Page 11Agenda Item 4bCorporate Comm
Page 17 and 18: Page 13 Performance and planning -
Page 19 and 20: Page 15The overall risk rating prov
Page 21 and 22: Page 173.3.5 As mentioned above, in
Page 23 and 24: Page 19Audit TrailConsultationName/
Page 25 and 26: Page 21Agenda itemMeetingSMT/ LBL C
Page 27: Lambeth LivingInternal Audit Progre
Page 31 and 32: www.pwc.co.ukPage 27Internal AuditR
Page 33 and 34: Internal AuditReport 2014/2015FINAL
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Page 57 and 58: Lambeth LivingDate Printed: 22-May-
Page 67 and 68: Page 63Agenda Item 5Corporate Commi
Page 69 and 70: Page 65In the context of my annual
Page 71 and 72: Page 67OtherRisk management, in par
Page 73 and 74: Audit trailConsultationName/Positio
Page 75 and 76: Appendix 1Page 71London Boroughof L
Page 77 and 78: IntroductionPage 73Purpose of this
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Page 752. Head of Internal Audit’
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Page 773. Summary of Internal Audit
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Page 79In compiling this Annual Rep
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Page 81The table on the following p
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Page 83Low risk reports were issued
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Page 85Counter Fraud ActivityThe Co
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Page 87DCLG FundingIn early 2013 La
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Page 89Seconded Police OfficerLambe
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Project Progress Reportclassificati
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Page 97Key to Individual Finding Ra
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Page 99Agenda Item 6Corporate Commi
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Page 1015. Developing the capacity
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Page 10310 Timetable for implementa
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Page 105London Borough of LambethAn
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Annual Governance StatementAnnual G
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Annual Governance Statement 2014/15
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Page 119Lambeth Council’sLocal Co
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Page 121(b) To ensure that users re
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Page 123Core Principle 4 - Taking i
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Page 125(b) To take an effective an
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Page 127Agenda Item 7Corporate Comm
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2.4 The previous procurement regime
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Page 131Outcomes Panels are also ce
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5.2 Progress Reports inviting comme
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Page 135Julian EllerbyCBD: Director
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Page 139Graph 1: Volume of Members
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Page 141Graph 4: Complaints receive
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Page 143Graph 7: Second stage compl
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Page 145Graph 8: Freedom of Informa
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Page 1472.32 The Data Protection Ac
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Page 149We found that the majority
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Page 151We are extending access to
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2.55 Comments from the Divisional D
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Page 155Audit trailConsultationName
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Page 157Appendix 1: Overview of com
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Page 159Appendix 2: Overview of dec
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Page 161Appendix 3: benchmarking da
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Page 163Members Enquiries8000700060
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Page 1679. Organisational implicati
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Page 169London Borough of LambethRe
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Page 1711. Executive summaryWe have
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Page 1733. Results of our claims an
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Page 1755. Responsibility statement
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Page 177Agenda Item 10Corporate Com
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certify that it presents a true and
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Page 1812014/2015DraftStatement of
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Page 183EXPLANATORY FOREWORDThe Cou
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Page 185Maximising the potential in
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Page 187Significant Finance Develop
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Investment Projects within LambethT
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Page 191HRA Self-FinancingHRA Self-
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The Enabling underspend of £1.2m i
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Page 195STATEMENT OF RESPONSIBILITI
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Page 197This page is kept Blank til
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Page 199COMPREHENSIVE INCOME AND EX
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2013/14GeneralFundBalanceGeneralFun
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Page 203CASH FLOW STATEMENTThe Cash
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Page 205Expense Accounting Basis in
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defined contribution schemes and no
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they are consolidated via the Depar
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NOTES TO THE COMPREHENSIVE INCOME A
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Page 2132013/14Fees, Charges &Other
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Page 215The Council is of the view
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Page 21710. External Audit CostsThe
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Representatives on Other Bodies and
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14b. Intangible AssetsThe Council a
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Similarly, and for the same reason,
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15i. Analysis by MaturityBook Value
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21b. Leases - Authority as Lessor(i
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Norwood HallLiability Interest Serv
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SchemeAssets2014/15 2013/14Pensions
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Page 2332014/15Adjustments to Reven
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30. Usable ReservesPage 23531 March
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31. Unusable ReservesPage 237Adjust
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NOTES TO THE CASH FLOW STATEMENT32.
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NOTES TO THE HOUSING REVENUE ACCOUN
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COLLECTION FUNDPage 243The Collecti
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Page 245LAMBETH PENSION FUND STATEM
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Page 247Service pre 1 April 2008 Se
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iv)Page 249Pooled investment vehicl
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NOTE 8: TRANSFERS IN FROM OTHER PEN
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Page 253InvestmentManagers01-Apr-13
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Pooled Investments 799,318 0 0 743,
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Page 257Asset TypeValue as at 31Mar
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Page 259This analysis assumes that
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Historic mortality assumptionsPage
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A GLOSSARY OF LOCAL AUTHORITY FINAN
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Public reports pack Thursday 09-Jul-2015 19.00 Corporate Committee

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