The purpose of the Audit Committee is to support the Management Board to ensure a financially sound and efficient organisation, which makes full and effective use of resources in support of DFID objectives.
The Audit Committee met on 25 October 2011 to discuss:
The Head of IAD confirmed that they have completed a significant portion of their audit programme and remained on course to deliver the agreed level of assurance activity for 2011/12.
The Director for ISD briefed the Committee on actions undertaken since the recent IAD audit.
The Deputy Director of Evaluation Department updated the Committee on the strategy for evaluation going forward and confirmed that emphasis is being put upon embedding evaluation throughout DFID.
The Asia Director briefed the Committee on the main findings of the report and detailed actions taken.
NAO presented their audit planning report for the audit of the 2011-12 financial statements 2011/12.
The Committee received the new style CRR report following the recent refresh of risks.
The Head of IAD presented this report and explained the purpose of the new Fraud Risk Management Group. The Deputy Director VFM advised the Committee of increased resources in the new Risk and Control team.
The Chair confirmed that she would organise a meeting with the Independent Commission for Aid Impact.
NAO’s offer to arrange a Value for Money presentation to the Committee was accepted.
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