audit2019

audit2019

Parish council audit 2019. Michaelstow Parish Council.

  1. Internal assessor evidence:

accounting records – uploaded
expenditure 2018 – 19
income 2018 – 19

financial regulations: Governance Documents Page

invoice checking against / minutes / bank statements & stubbs

approval of expenditure – shown monthly in minutes item 7 ‘Financial Matters’.

VAT listing – shown in expenditure 2017 – 18 to be claimed when claim form changes

assessment of risks risk assessments

adequacy of financial arrangements financial risk assessments

statement of internal control in ‘Book of Governance’

regular updates at meetings item 7 ‘Financial Matters’.

insurance certification – schedule

precept request form & basis for this

monitoring of precept against budget: ‘Financial Matters’

appropriate reserves held – calculated to 20-25% of expenditure

income received and recorded – also shown in income 2018 – 19

fixed asset list

petty cash receipts

salary is paid properly [minutes relating to salary-‘Financial Matters’] , clerk salary column in ‘expenditure 2018 – 19’. Download P11 & sample salary

periodic and year-end reconciliations – ‘Financial Matters’

accounting statements and audit trail – sample of invoices to be sent on request.

2. Parish Council evidence:

arrangements for effective financial management: Book of Governance

system of internal control: Book of Governance

compliance with laws – checked

exercise of electors rights – poster in PC display cabinet and on website

risk assessments undertaken

internal audit of accounting records – completed see auditors report

action taken on last audit reports – issues:

consideration of litigation, liabilities and commitments: Book of Governance and Financial Risk Assessments

GDPR compliance

3. schedule:

certificate of exemption to external auditor sent

annual governance and accountability return completed and signed by chair/RFO

annual internal audit report completed by internal auditor by

audit signed-off at meeting

publication of: certificate of exemption

annual internal audit report

governance statement: Book of Governance

accounting statements: see ‘accounting records’ at top of list

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