Audit Committee Handbook - Scottish Government

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ANNEX G: KEY LINES OF ENQUIRY FOR AN AUDIT COMMITTEE On assurances relating to the corporate governance requirements for the organisation, how do we know: • that the range of assurances available is sufficient to facilitate the drafting of a meaningful Statement on Internal Control? • that those producing assurances understand fully the scope of the assurance they are being asked to provide, and the purpose to which it will be put? • what mechanisms are in place to ensure that assurances are reliable? • that assurances are ‘positively’ stated (i.e. premised on sufficient relevant evidence to support them)? • that the assurances draw appropriate attention to material weaknesses or losses which should be addressed? • that the Statement on Internal Control realistically reflects the assurances on which it is premised? [SGAC and COPFS] On the work of the audit committee itself, how do we know: • that we are being effective in achieving our terms of reference and adding value to corporate governance and control systems of the core Scottish Government? • that we have the appropriate skills mix? • that we have an appropriate level of understanding of the purpose and work of the Scottish Government/Portfolio? • that we have sufficient time to give proper consideration to our business? • that our individual members are avoiding any conflict of interest? • what impact we are having on the core Scottish Government? 25
26 AUDIT COMMITTEE HANDBOOK: Guidance for audit committee members in the core Scottish Government ANNEX H: SCOTTISH GOVERNMENT ASSURANCE FRAMEWORK Statement on Internal Business Activities Assurance Activities Control (SIC) Control Framework •Organisational Structure •Decision Making Process •Delegated Authority Statements •Behaviour and Values •Business Planning •Prevention and Detection of Fraud Routine Management Reporting •PB/Strategic Board Reports •Performance Management •Overall Financial Position •Benchmarking Risk Management •Risk Framework •Risk Registers Principal Accountable Officer (PAO) Signs SIC Scottish Government Audit Committee (SGAC) •Facilitates co-ordination and provides assurance from across the Scottish Government to PAO •Considers adequacy of overarching audit strategy and other SIC arrangements •Approves Internal Audit Strategy and resources Portfolio Audit Committees (PAC) •Considers adequacy of audit and other assurance arrangements for each portfolio in support of the individual AOs appointed by PAO Primary Certification •DG Certificates of Assurance and Agency SICs Internal Assurance •Audit Strategy •Internal Audit •Finance Director’s Annual Report •Security Annual Report •Annual Report on Fraud External Assurance •Audit Scotland •Non-Executive Directors •Directorate Certificates of Assurance •NDPB SIC Internal Audit Portfolio Plans and Summary Reports
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Audit Committee Handbook - Scottish Government

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