Transport for London 

AUDIT COMMITTEE – Open Session

Meeting to be held on Wednesday 14 March 2007 at 10:00am
in the 14th floor Boardroom, Windsor House

AGENDA 

1.		Apologies for absence
		
2.		Minutes of previous meeting	
2.1   Matters Arising and Outstanding Actions Monitoring Report	
	
3.		Strategic Risk Management Progress Report	John Burton   	
4.		Internal Audit Matters:
4.1	Report on management actions
4.2	Internal Audit Charter
4.3	Internal Audit Strategy
4.4	Internal Audit Plan 2007/08
4.5	Effectiveness of the system of internal audit (paper to follow)	Mary Hardy

	

5.		External audit matters
5.1 	Indicative audit plan for the year ended 31 March 2008 
	(TfL, Street Management, PCO)	KPMG	
6.		Audit Commission Update
6.1	Update on current Best Value Review
6.2	Improving data quality scoring	
Andy Lacey

Stephen Critchley	
7.		Toolkit for Local Authority Audit Committees
7.1	Self Assessment Checklist
7.2	Training Proposal	Mary Hardy	
8.		Annual Report Process	Sarah Bradley	
9.	Post-implementation reviews	Richard Browning	
10.	Any Other Business		
	
At the end of the meeting the Members of the Audit Committee will have a private session with the Chief Finance Officer.

The next meeting of the Audit Committee will be held on 13 June 2007 at 1000 hours.