皇冠体育app

Present

John Hughes, Chair of Audit and Risk Assurance Committee

Dame Kathryn August, Board member

James Aston, Co-opted member

Helen Jesson, Co-opted member

Venessa Willms, Board member

Also in attendance

Amanda Spielman, Her Majesty鈥檚 Chief Inspector (HMCI), Accounting Officer

Matthew Coffey, Chief Operating Officer

Louise Grainger, Director, Finance, Planning and Commercial

Neil Greenwood, Director, Digital and Information. Item 5

Chris Jones, Director, Corporate Strategy. Item 8

Simon Helps, National Audit Office

Sebastian Groth, National Audit Officer

Jane Forbes, Internal Audit 鈥� Pricewaterhousecoopers (PwC)

Carol Hartley Burdett, Internal Audit 鈥� Government Internal Audit Agency (GIAA)

Ivan Cheary, Internal Audit 鈥� Government Internal Audit Agency (GIAA)

Matthew Terry, Corporate Governance Manager

Emily Williams, Private Secretary to HMCI (Observer)

Mark Watson, Financial Controller (Observer)

Apologies

None.

Status

Approved

1. Chairman鈥檚 introduction, declarations of interest, minutes, actions and matters arising

皇冠体育app Chair welcomed members and attendees.

皇冠体育app minutes of the previous meeting were approved without amendment.

皇冠体育app Committee noted progress against actions arising from the NAO鈥檚 review of the Committee鈥檚 effectiveness.

2. Report from Chair and Members

皇冠体育app Chair recounted his attendance of the DfE arm鈥檚 length body ARAC Chairs鈥� network meeting, and the outcomes of a discussion of lessons learnt over the course of the 2018-19 financial year.

3. Progress against audit recommendations, Public Accounts Committee (PAC) actions

皇冠体育app ARAC noted a report detailing good progress against both audit recommendations and actions arising from the PAC鈥檚 report following on from the NAO鈥檚 value for money report.

4. Internal audit progress report

PwC updated the Committee on progress made against the 2018-19 internal audit plan, noting that since the Committee last met the digital transformation programme internal audit report and a follow up of medium risk audit recommendations had been issued.

Members were content that the 2018-19 internal audit plan had been delivered in full.

5. Internal audit reports

PwC presented the reports that had been issued since the Committee last met:

• Digital transformation programme 鈥� 皇冠体育app audit assessed the governance arrangements of key projects within the Digital, Data and Technology portfolio, as well as the existence of delivery enabled project plans and Ofsted鈥檚 ability to report and monitor delivery. 皇冠体育app Committee discussed the audit and noted it was classified as medium risk. NG provided assurance to the Committee that the proposed recommendations had been accepted.

• Follow up reports 鈥� 皇冠体育app audit verified the status of medium risk audit recommendations that had been reported by management as complete. 皇冠体育app Committee were pleased to note that no exceptions were identified.

6. Annual Internal Audit report 2018-19

皇冠体育app Committee considered the internal audit report for the year ended 31 March 2019 and noted the Head of Internal Audit鈥檚 opinion.

7. National Audit Office (NAO) completion report

皇冠体育app Committee reviewed the findings of the NAO鈥檚 audit completion report, noting the unadjusted extrapolated misstatement set out in the report. 皇冠体育app Committee suggested that further sampling from the NAO could have been helpful in resolving this.

皇冠体育app Committee noted that the NAO anticipate recommending to the Comptroller and Auditor General that he should certify the 2018-19 financial statements with an unqualified audit opinion, without modification.

8. Annual Report and Accounts

皇冠体育app Committee reviewed the Annual Report and Accounts, providing several comments for consideration.

Subject to the consideration or acceptance of those comments, the Committee were content that the Board approve the Annual Report and Accounts 2018-19 prior to certification of Ofsted鈥檚 Accounting Officer.

9. Internal Audit plan 2019-20

皇冠体育app Committee noted progress against the internal audit plan for 2019-20.

10. Internal Audit reports 2019-20

皇冠体育app Committee reviewed and agreed the proposed approach by which the continuous auditing of Ofsted鈥檚 core financial controls would be undertaken in 2019-20.

Internal audit outlined the recommendation arising from the EIF readiness audit and confirmed that the report would be circulated to the Committee in correspondence, once management responses had been finalised.

11. External audit update

皇冠体育app NAO is in the process of agreeing the parameters for a value for money study of the financial sustainability of colleges. Ofsted will be consulted.

12. Annual report of the Audit and Risk Committee to the Chair and Accounting Officer

皇冠体育app Committee reviewed the draft report, providing an overview of the audit and risk assurance committee鈥檚 activity during the financial year 2018-19.

皇冠体育app Committee recommended several minor amendments, before agreeing that the report be shared with the Board on 18 June.

13. Risk Report

皇冠体育app Committee noted the changes to the strategic risk register since its last meeting.

14. Finance report

皇冠体育app Committee noted Ofsted鈥檚 financial position as of the end of period 1.

15. Information Assurance report

皇冠体育app Committee considered an overview of information assurance and cyber security in the period of 2018-2019, discussing the challenges facing the organisation, and the measures in place to combat these.

16. AOB

No further business was raised.

End of meeting

皇冠体育app next Audit and Risk Assurance Committee meeting will take place at 10.30am on Thursday 12 September 2019, in Clive House Room 403a.