In common with local government as a whole and many other public bodies, we are required to maintain an internal audit function. The requirement is set out in the Accounts and Audit Regulations 2015 which specify that "A relevant body shall maintain an adequate and effective system of internal audit of this accounting records and of its internal control".
Internal audit is an independent function who report to the audit and governance committee and managers on the findings from their annual reviews over the key operations and services of the council to provide assurance they key risks are managed effectively and that no losses or fraud have occurred. They also look to add value through providing recommendations to improve performance and efficiency.
Internal audit is provided under a service agreement with the South West Audit Partnership (SWAP).