Standing Committee, Community Board and Council Meetings of the Christchurch City Council

Report of the Audit and Risk Management Subcommittee to the Council meeting of Thursday 28 September 2006

A meeting of the Audit and Risk Management Subcommittee was held on Wednesday 28 June 2006 at 10am

Present:
Councillor Bob Shearing (Chairperson),
The Mayor,Councillors David Cox, Graham Condon and Gail Sheriff.
Mr Mike Rendell.

In Attendance:
Lesley McTurk, Roy Baker, Paul Baldwin,Diane Brandish, Bob Lineham, Graeme Nicholas and Tony McKendry (Christchurch City Council),Bede Kearney and Devan Menon (Audit New Zealand) and Gordon MacLeod (PricewaterhouseCoopers).

Apology:
An apology for absence was received and accepted from Mr John Hooper.

A copy of the Full Report without Appendices is available.

Part A - Matters Requiring a Council Decision
Part B - Reports for Information
Part C - Delegated Decisions

Part A	1	Report on Internal Audit Activity: Four Months to April 2006
Part B	2	Sponsorship – Council Projects and Events
Part B	3	Introduction to the Internal Audit Partner
Part C	4	Audit Issues from Previous Meetings
Part C	5	Draft Internal Audit Programme for the 2006/2007 Year
Part C	6	Treasury Management Report 2005-2006 Year to Quarter Ended 31 March 2006
Part C	7	Changes to NZ GAAP (Generally Accepted Accounting Principles) – Complaint Accounting Policies
Part C	8	Changes to NZ IFRS (International Financial Reporting Standards)