Paper 3 Annex 1 Internal Audit Review New Finance System

This document contains an internal audit report from WBG for the Cairngorms National Park Authority, reviewing the implementation of their new finance system. The audit concluded with 'Substantial assurance', meaning the controls are largely satisfactory. The report highlights several areas of good practice, including comprehensive training for staff, accurate data transfer from the previous system, and clearly defined responsibilities for project approvals. The new system is considered fit for purpose and has enhanced budgeting information and workflow capabilities. However, there is one medium-grade recommendation to address a potential risk in the 'Out-of-Office' function, where delegated purchase approval may not be adequately restricted to individuals with appropriate authority. Additionally, the audit notes that "Running Costs" reporting and a staff expenses function are still being developed.