Agenda item

To consider this report.

The Audit Committee noted the Strategic Risk Management Update Report agreeing that the new Independent Member of the Audit Committee receive the new JCAD system training.

The Equalities and Risk Manager presented the report highlighting that there were risks around commercial investment and the cause is rising, interest rates increase, borrowing and debt. The reason for the cause was significant because of the short term borrowing and this seemed to be causing a lot of challenge.

It was agreed that the controls should be presented in a better way so that they are more easily understood.

There was new software and JCAD system in use which the Committee would like to have a run through on and to see how it would benefit the Committee.

The Audit Committee noted the Strategic Risk Management Update Report agreeing that the new Independent Member of the Audit Committee receive the new JCAD system training.