2017-07-20 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                           20 JULY 2017


6    CONSIDERATION OF COMMITTEE RECOMMENDATIONS
AUDIT & RISK COMMITTEE RECOMMENDATIONS
16 JUNE 2017 – Cr Wellington, Cr Jackson, Scott Williams, Cameron Jaggers (attended via
teleconference)

External attendees:   Denis Byram (Queensland Audit Office); Natasha McCraw & Robyn
                      Cooper (Crowe Horwath, via teleconference for item 6).


1    QUEENSLAND AUDIT OFFICE BRIEFING NOTE
     That Council note the Briefing Note provided by the Queensland Audit Office (QAO) to the
     Audit & Risk Committee meeting dated 16 June 2017 detailing the 2016/17 final external
     audit plan, interim management report and other related matters.



2    INTERNAL AUDIT AND ACTION ITEMS UPDATE
     That Council note the report by the Governance Advisor to the Audit & Risk Committee
     Meeting dated 16 June 2017 and:
     A.    Adopt the Internal Audit Plan 2017/18 as provided at Attachment 1 to the report with
           the inclusion of the following additional items:;
           1.    TechnologyOne User Access Review (to be considered as a future Internal Audit
                 beyond 2017/18); and
           2.    Development Assessment Processes (to be considered in 2018/19).
     B.    Note the Internal Audit Report ‘Internal Audit of Investment of Surplus Funds
           Processes’ of April 2017 prepared by Crowe Horwath, provided at Attachment 2 to the
           report;
     C.    Note the Internal Audit Report ‘Internal Audit of Procure to Pay Processes’ of June
           2017 prepared by Crowe Horwath, provided at Attachment 3 to the report; and
     D.    Note the Register of Action Items provided at Attachment 4 to the report.



3    2016-17 SHELL FINANCIAL STATEMENTS
     That Council note the report by the Financial Accountant to the Audit & Risk Committee
     Meeting dated 16 June 2017 regarding the draft 2016/17 shell financial statements.


4    REVIEW OF ASSET VALUATION FOR 2016-17 FINANCIAL STATEMENTS
     That Council note the report by the Financial Accountant to the Audit & Risk Committee
     Meeting dated 16 June 2017 and note the approach to be applied for asset valuation
     purposes for the 2016-17 financial statements.




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