2020 – 2021 Annual Internal Audit Report, page 3

Source page 1

Annual lnternal Audit R.eport 2020121
CHARD TOWN COUNCIL
https ://www. chard. gov. u k/
During the financial year ended 31 March 2021, this authority's internal auditor acting independently and on the basis
of an assessment of risk, carried out a selective assessment of compliance with the relevant procedures and controls
in operation and obtained appropriate evidence from the authority.
The internal audit for 2020121 has been carried out in accordance with this authority's needs and planned coverage.
On the basis of the findings in the areas examined, the internal audit conclusions are summarised in this table. Set
out below are the objectives of internal control and alongside are the internal audit conclusions on whether, in all
significant respects, the control objectives were being achieved throughout the financial year to a standard adequate
to meet the needs of this authority.
Not,;
Yes

A. Appropriate accounting records have been properly kept ihroughout the financial year.
B. This authority complied wrth its financial regulations, payments were supported by invoices, all
expenditure was approved and VAT was appropriately accounted for.
e . This authority assessed the significant risks to achieving its objectives and reviewed the adequacy

of arrangements to manage these.
&. The precept or rates requirement resulted from an adequate budgetary process; progress against
the budget was regularly monitored, and reserves were appropriate.
tr. Expected income was fully received, based on correct prices, properly recorded and promptly
banked; and VAT was appropriately accounted for.
F:. Petty cash payments were properly supported by receipts, all petty cash expenditure was approved
and VAT appropriately accounted for.
G. Salaries to employees and allowances to members were paid in accordance with this authority's
approvals, and PAYE and Nl requirements were properly applied.
H. Asset and investments registers were complete and accurate and properly maintained

l. Periodic bank account reconciliations were properly carried out durlng the year.
J. Accounting statements prepared during the year were prepared on the correct accounting basis (receipts
and payments or income and expenditure), agreed to the cash book, supported by an adequate audit
trail from underlying records and where appropriate debtors and creditors were properly recorded.

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K. lf the authority certified itself as exempt from a limited assurance review in 2A19120, it met the
exemption criteria and correctly declared itself exempt. (f the authority had a lirnited assurance
review af its 2019/20 AGAR tick "not covered")
L. lf the authority has an annual turnover not exceeding 125,000, it publishes information on a website/
webpage up to date at the time of the internal audit in accordance with the Transparency code for
smaller authorities.
M. The authority, during the previous year (2019-20) correctly provided for the period for the exercise of
public rights as required by the Accounts and Audit Regulations (evidenced by the notice published
on the website and/or authoity appraved minutes confirming ffie dates sef)"
N. The authority has complied with the publication requirements for 2019/20 AGAR
(seeAGAR Page 1 Guidance Notes).

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O. (For local councils only)
Trust funds (including charitable) - The council met its responsibilities as a trustee
For any other risk areas identified by this

adequate controls existed (list any other risk areas on separate sheets if needed)

Name of person who carried out the internal audit

Date(s) internal audit undertaken

20t10t2020

19t0

0810612021

S J Pollard for Auditing Solutions Ltd

Signature of person who
carried outthe internal audit

Date

0810612021

*lf the response is'no'please.,sfTtethe implications and action being taken to address anyweakness in control identified
(add separate sheets if
**Note: lf the response is 'not coVered' please state when the most recent internal audit work was done in
this area and when it is
next planned; or, if coverage is not required, the annual internal audit report must explain why not (add separate sheets if needed).

Annual Governance and Accountability Return 2020121 Part 3
Local Councils, Internal Drainage Boards and other Smaller Authorities

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