200327 Paper 3 Project Finance Review

CAIRNGORMS NATION­AL PARK AUTHOR­ITY Audit & Risk Com­mit­tee Paper 3 27/03/20

CAIRNGORMS NATION­AL PARK AUTHOR­ITY AUDIT & RISK COMMITTEE

FOR DECISION

Title: INTERN­AL AUDIT REVIEW: PRO­JECT FIN­ANCE Pre­pared by: CLAIRE ROBERTSON, BDO

	TONY BARRIE, BDO

Pur­pose To present the intern­al auditor’s Pro­ject Fin­ance Review.

Recom­mend­a­tions The Audit & Risk Com­mit­tee is asked to: a) Con­sider the intern­al auditor’s find­ings; b) Endorse man­age­ment responses to recom­men­ded actions.

Exec­ut­ive Summary

1. As part of the 2019 – 20 Intern­al Audit plan, it was agreed that Intern­al Audit would review the design and oper­a­tion­al effect­ive­ness of the Authority’s arrange­ments for con­trol and man­age­ment of pro­ject fin­ances. The full report is attached as Annex I to this paper.

2. Both the design and oper­a­tion­al effect­ive­ness of the Authority’s pro­cesses are graded as mod­er­ate. Two medi­um level and three low level recom­mend­a­tions for improve­ment actions were raised by the intern­al auditors.

3. All recom­mend­a­tions have been accep­ted by man­age­ment. Man­age­ment responses are set out along with timetables for action in Annex 1.

Danie Ral­ph, Fin­ance Man­ager 27 March, 2020 danielralph@​cairngorms.​co.​uk