About I-Audits
Trusted by Parish Councils...
i-Audits offers its service throughout England
All audits are carried out using a standard Internal Audit checklist that reflects the requirements of the Annual Governance and Accountability Return (AGAR), the Practitioners Guide, and the Accounts and Audit Regulations.
We regularly review and revise our procedures to ensure that we meet the latest regulations and advice.
The audit includes a review of :
The Council’s minutes, Agendas and Financial reporting and its accounts.
Sample checks of a selection of transactions will be undertaken.
Once the audit has been undertaken and the checklist completed this will be sent to the Clerk/RFO for review to ensure that it is accurate. Following any amendments the Internal Audit Report will be finalised and submitted to Council for consideration.
Appointing an internal auditor: Essential Competencies
Why Choose I-Audits?
The Practitioners’ Guide includes detailed guidance for appointing an internal auditor. The key principles in appointing an internal auditor independence and competence. There is no requirement for a person providing the internal audit role to be professionally qualified, however essential competencies to be sought from any internal audit service should include:
- understanding the role of internal audit in reviewing systems rather than undertaking detailed checks that are more appropriately the responsibility of management
- awareness of relevant principles and practice of financial and other risk management
- understanding proper practices in relation to governance and accounting requirements within the legal framework and powers of smaller authorities, as set out in the guidance
- awareness of the most recent model Standing Orders and model Financial Regulations as published by NALC and how they are adopted by authorities
- awareness of the relevance of VAT and PAYE/NIC rules as applied to the authority
Qualifications
