Reed Parish Council

Internal Audit Procedure

Reviewed 1 July 2020 As part of our Statement of Assurance, the Parish Council has to undertake a review of the effectiveness of the Internal Audit Procedure. This involves: • The Internal Audit sufficiently covers all aspects of the financial controls of the Parish Council. • The Internal Auditor is independent and competent and undertakes the audit with integrity and objectivity. • The responsibilities of the members of the Council are understood and training undertaken if necessary • A plan is in place for when the Internal Audit takes place and takes account of the risks. Currently, the Internal Audit is undertaken by Mr P McMeekin. All financial records are checked, invoices against cheques. Assets checked, VAT accounted for, periodic bank reconciliations completed and Year End Accounts prepared.