Issue - meetings

The Committee received a report from the Principal Internal Auditor which provided an update on the agreed actions from the previous meeting of Civic Affairs Committee in September 2021.

The Committee asked for clarification of the difference between ‘residual risk’ and ‘inherent risk’.

The Principal Internal Auditor said that ‘inherent risk’ was the total risk before any mitigation measures were taken into consideration. ‘Residual risk’ took into account controls which had been put in place to mitigate risks.

Unanimously resolved:

i.                To note the work undertaken by Internal Audit since the last committee and the outline of proposals for further Risk Management work to be completed.

ii.               To advise whether subsequent progress reports are required at future meetings of the Committee.