Seaham Town Council Demonstrates Strong Financial Management and Corporate Governance

Published: 23 March 2017

 

At the recent Finance and General Purposes Committee held on Tuesday 7th March the Town Council received the annual report from the internal auditor and internal audit reports on Income & Banking, Main Accounting, Budgetary Control and Corporate Governance. The Annual Report of the Internal Auditor outlined work completed over the 2016/17 financial year and the report gave an audit opinion of Substantial/Full Assurance to the Town Council.  The Internal Auditor commented that there had been an improvement in the overall standards from the previous year.  The Town Council was pleased to note that it had achieved the highest levels of assurance in almost all of the business processes and commended the officers for this achievement.  Members agreed that hard work by the staff and guidance from the Internal Auditor with regard to implementing systems for new ventures had helped achieve such a strong result.