200327 Paper 3 Project Finance Review

This document contains an internal audit review of project finances for the Cairngorms National Park Authority's Audit and Risk Committee. The purpose is to share the internal auditor's findings. The Audit and Risk Committee is asked to consider these findings and endorse management's responses to recommended actions. The audit reviewed the effectiveness of the Authority's project finance management. The design and operation of the Authority's processes were graded as moderate, with internal auditors making some recommendations for improvement which have all been accepted by management.