Public Sector Internal Audit Standards and Audit Charter - Update
Meeting: 27/06/2013 - Audit and Governance Committee (Item 10)
10 Public Sector Internal Audit Standards and Audit Charter - Update 
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To note the introduction of new audit standards, and the implications and further actions necessary to be compliant with them.
Minutes:
Consideration was given to the new Public Sector Internal Audit Standard (PSIAS), which came into effect on 1 April 2013, including the implications and further actions necessary to meet compliance with the PSIAS. Particular attention was drawn to the development of an Audit Charter, organisational dependence, and the terms ‘Board’ and ‘Senior Management’ which needed to be interpreted in the context of governance arrangements within Cheshire East.
RESOLVED
1. That the introduction of the new Public Sector Internal Audit Standards (PSIAS) be noted.
2. That the implications and further actions necessary to meet compliance with the new Standards be noted, including the development of the Audit Charter, and that further updates will be brought to the Committee accordingly.