Reporting Monthly monitoring reports Monthly Director of Finance covering: Internal Reports External Reports to Department Assurances on Internal Control Receive assurances on Annual Report from Chief Executive adequacy and effectiveness Governance and Audit Director of Finance of system of internal control Committee Chair of Audit Committee Annual Accounts Approve for submission to Recommended for approval Chief Executive Department and for by Governance and Audit Director of Finance inclusion in Annual Report Committee. To include Chair of Audit detailed scrutiny of Committee reconciliation to Board approved Financial Plan Standing Orders Schedule of Powers Reserved to the Board of Directors of the Business Services Organisation ITEMS RESPONSIBILITY/TASK CONTROLS LEAD PERSON 3.2.3 Financial Stewardship To ensure effective financial stewardship through value for money, financial control and financial planning and strategy. RESPONSIBILITY/TASK CONTROLS LEAD PERSON Fraud Prevention and Detection Receive assurance from the Annual report to Committee Director of Finance Governance and Audit Committee Report to those charged with Consider recommendations Each year following Director of Finance Governance and approve requisite action recommendation by plan and response to Governance and Audit External Auditor Committee
Reporting Monthly monitoring reports covering: Internal Reports External Reports to Department Monthly Director of Finance Assurances on Internal Control Receive assurances on adequacy and effectiveness of system of internal control Annual Report from Governance and Audit Committee Chief Executive Director of Finance Chair of Audit Committee Annual Accounts Approve for submission to Department and for inclusion in Annual Report Recommended for approval by Governance and Audit Committee. To include detailed scrutiny of reconciliation to Board approved Financial Plan Chief Executive Director of Finance Chair of Audit Committee Standing Orders Schedule of Powers Reserved to the Board of Directors of the Business Services Organisation ITEMS RESPONSIBILITY/TASK CONTROLS LEAD PERSON 3.2.3 Financial Stewardship To ensure effective financial stewardship through value for money, financial control and financial planning and strategy. RESPONSIBILITY/TASK CONTROLS LEAD PERSON Fraud Prevention and Detection Receive assurance from the Governance and Audit Committee Annual report to Committee Director of Finance Report to those charged with Governance Consider recommendations and approve requisite action plan and response to External Auditor Each year following recommendation by Governance and Audit Committee Director of Finance