Issue - meetings

Report of the Chief Internal Auditor detailing progress of the 2017-18 Internal Audit Report, attached.

The Committee considered the report of the Chief Internal Auditor detailing the Internal Audit Progress Report 2017-18 for the period 26^th January 2018 to the 6^th April 2018.

The Committee particularly noted Studio 144 and the “no assurance” that had been provided by internal audit.  The audit review highlighted 5 high risk exceptions and no assurance that the project was managed in a way to minimise risk to the Authority.  Key issues were:-

·  Project Feasibility

·  Project Setup

·  Project Lifespan

·  Financial Changes

·  Residual Issues

The Committee also noted that there were ongoing contractual disputes with the project which were not in a position to be discussed at this stage for legal reasons.  The Committee noted that the progress report only provided a summary into the full investigation therefore requested that the full investigation report be submitted to the next meeting for discussion including the examination of the role of the Capital Board and its robustness together with the attendance of the Service Director Growth as the responsible service area Director.

Councillors White and Pope were in attendance and with the consent of the Chair addressed the meeting. 

RESOLVED:

(i)  That the Internal Audit Progress report for the period 26^th January 2018 to the 6^th April 2018 be noted

(ii)  That the Studio 144 full investigation report be submitted to the next meeting for discussion including the examination of the role of the Capital Board and its robustness together with the attendance of Mike Harris, Service Director Growth.