Audit Committee Meetings
The external auditors presented the Final External Audit Management Report for 2006-07 and a report on Creating the New Ofsted: Transition programme. The Audit Committee received the Internal Audit Progress Report and an update on progress against the previous year’s audit recommendations. The Audit Committee reviewed a performance report, strategic risk register and finance report. The Committee discussed information systems and a segmented risk report on pensions.
At its first meeting, the new Audit Committee discussed its terms of reference, reviewed residual issues from the precursor inspectorates’ audit committees and discussed its performance management information requirements. After considering the Internal Audit Plan for 2007-08, Internal Audit Progress Report and Internal Audit Annual Report, the Committee commented on an update on progress against previous year’s audit recommendations. The Committee also received an update from the external auditors. The draft Resource Accounts 2006-07 and the Statement of Internal Control were presented for discussion. The agenda also included Ofsted’s risk register and financial report.