Development areas for 2025/26
The Committee’s annual effectiveness survey 2023 highlighted the value in carrying out a skills assessment of the Committee members to identify any training needs. We have implemented a new e-learning platform which provides an extensive range of on-line training modules and can be accessed by staff and directors. Directors have access to the platform and have completed modules on cyber security, AI and modern slavery. A training needs assessment will be considered and developed over the next 12 months in conjunction with the Chair and Committee members if appropriate.
The new contract for internal audit services commenced in July 2025 and reflects an increase in audit days. The contract includes an audit needs assessment to develop a risk based audit plan to ensure that the auditors focus on the key risks to achievement of our objectives. The Audit Committee will agree the internal audit plan audit and monitor the results of the internal auditor’s work.
The Committee is committed to reviewing the risk management processes and format of reporting in order to provider a wider range of assurance on risk management to the Board.
The Committee will have overarching responsibility for overseeing the Governance, IT and Systems and Finance and Fees workstreams within the close down and transition programme.