15 WEST YORKSHIRE PENSION FUND FIVE-YEAR INTERNAL AUDIT PLAN 2020/21 TO 2024/25 
PDF 149 KB
The report of the Director, West Yorkshire Pension Fund, (Document “I”) presents the latest five year internal audit plan for West Yorkshire Pension Fund (WYPF). The plan is reviewed annually between WYPF finance team and CBMDC internal audit by carrying out a detailed assessment of WYPF business risks, pensions and investment regulatory compliance environments, and service developments.
The latest plan has been reworked to take account of Covid-19 impact on services and operations. It is also anticipated that internal audit resources may be moved at short notice to support high risk areas. In order to manage audit work plan, address emerging risks and maintain sector intelligence there is a regular monthly meeting CBMDC Internal Audit Manager and WYPF Financial Controller; and a quarterly meeting with the Director of WYPF.
Recommended –
That the report be noted.
(Ola Ajala – 01274 434534)
Decision:
Resolved –
That the report be noted.
ACTION: Director, West Yorkshire Pension Fund
Minutes:
The report of the Director, West Yorkshire Pension Fund, (Document “I”) presented the latest five-year internal audit plan for West Yorkshire Pension Fund (WYPF). The report revealed that the plan was reviewed annually between WYPF finance team and CBMDC internal audit by carrying out a detailed assessment of WYPF business risks, pensions and investment regulatory compliance environments, and service developments.
The latest plan had been reworked to take account of Covid-19 impact on services and operations. It was also anticipated that internal audit resources may be moved at short notice to support high risk areas. In order to manage audit work plan, address emerging risks and maintain sector intelligence there was a regular monthly meeting CBMDC Internal Audit Manager and WYPF Financial Controller; and a quarterly meeting with the Director of WYPF.
A summary of the plan was provided and Members were assured that all audits had been completed and rated as good or excellent.
Resolved –
That the report be noted.
ACTION: Director, West Yorkshire Pension Fund
5. WEST YORKSHIRE PENSION FUND FIVE-YEAR INTERNAL AUDIT PLAN 2020/21 TO 2024/25 PDF 149 KB
The report of the Director, West Yorkshire Pension Fund, (Document “I”) presents the latest five year internal audit plan for West Yorkshire Pension Fund (WYPF). The plan is reviewed annually between WYPF finance team and CBMDC internal audit by carrying out a detailed assessment of WYPF business risks, pensions and investment regulatory compliance environments, and service developments.
The latest plan has been reworked to take account of Covid-19 impact on services and operations. It is also anticipated that internal audit resources may be moved at short notice to support high risk areas. In order to manage audit work plan, address emerging risks and maintain sector intelligence there is a regular monthly meeting CBMDC Internal Audit Manager and WYPF Financial Controller; and a quarterly meeting with the Director of WYPF.
Recommended –
That the report be noted.
(Ola Ajala – 01274 434534)
