audit2018

Parish council audit 2018. Michaelstow Parish Council.

1. Internal assessor evidence:

  • accounting records
  • financial regulations
  • invoice checking against stubbs / minutes
  • approval of expenditure
  • VAT listing
  • assessment of risks
  • certification of insurance
  • adequacy of financial arrangements
  • precept request form and basis for this
  • monitoring precept against budget
  • appropriate reserves held
  • income received and recorded
  • Petty cash
  • salary is paid properly
  • fixed asset and investment register up-to-date
  • periodic and year-end reconciliations
  • accounting statements and audit trail

2. Parish Council evidence:

  • arrangements for effective financial management
  • system of internal control
  • compliance with laws
  • exercise of electors rights
  • risk assessment undertaken
  • internal audit of accounting records
  • action taken on last audit reports
  • consideration of litigation, liabilities and commitments
  • [evidence of GDPR activity underway]

3. Schedule:

  • certificate of exemption to external auditor sent by email 09.04.18
  • annual governance and accountability return completed and signed by chair/RFO 10.05.18
  • annual internal audit report completed by internal auditor by 10.05.18
  • audit signed-off at meeting 10.05.18
  • publication of:
    • certificate of exemption
    • annual internal audit report
    • governance statement
    • accounting statements
    • analysis of variancies
    • end of year bank reconciliation
    • notice of the period for the exercise of public rights 30 working days including first 10 working days of July