Agenda                      Transport for London

Meeting:	Audit and Assurance Committee 	
Date:	Wednesday 18 December 2013	
Time:	10.00am	
Place:	Conference Room 1, Palestra, London, SE1 8NJ	

Members of the Committee

Keith Williams, Chair
Steve Wright, Vice Chair
Richard Barnes
Charles Belcher
Brian Cooke
Baroness Grey-Thompson DBE

This meeting will be open to the public. There is access for disabled people and induction loops are available.

Further Information

Copies of the papers and any attachments may be found at http://www.tfl.gov.uk/corporate/about-tfl/boardandchiefofficers/papers/1438.aspx

If you have questions, would like further information about the meeting or require special facilities please contact: Sue Riley, Secretariat Officer; telephone: 020 7983 4390; email:  SueRiley@tfl.gov.uk

For media enquiries please contact the TfL Press Office; telephone: 0845 604 4141; email: PressOffice@tfl.gov.uk

Howard Carter, General Counsel
10 December 2013
Audit and Assurance Committee 
Wednesday 18 December 2013

Agenda Part 1

1.	Apologies for Absence and Chair's Announcements	
2.	Declarations of Interests	
	General Counsel

Members are reminded that any interests in a matter under discussion must be declared at the start of the meeting, or at the commencement of the item of business.  

Members must not take part in any discussion or decision on such a matter and, depending on the nature of the interest, may be asked to leave the room during the discussion.
	
3.	Minutes of the Meeting of the Audit and Assurance Committee held on 1 October 2013	
	General Counsel

The Committee is asked to approve the minutes of the previous meeting of the Audit and Assurance Committee and authorise the Chair to sign them.
	
4.	Matters Arising and Actions List	
	General Counsel

The Committee is asked to note the updated actions list.
	
External Audit Items	
5.	External Audit Plan TfL, TTL and Subsidiaries – 
Year Ending 31 March 2014
	
	Chief Finance Officer

The Committee is asked to note KPMG’s plan.
	
6.	KPMG Report on Non Audit fees for Six Months Ended                 
30 September 2013
	
	Chief Finance Officer

The Committee is asked to note the report.

Internal Audit Matters	
7.	Management Actions Report	
	Director of Internal Audit 

The Committee is asked to note the report.
	
8.	Internal Audit Quarter 2 Report 2013/14	
	Director of Internal Audit 

The Committee is asked to note the report.
	
9.	Internal Audit Strategy 2013	
	Director of Internal Audit 

The Committee is asked to note the report.
	
        Accounting and Governance	
10.	Changes in Legislation and Accounting Standards Impacting on TfL
	
	Chief Finance Officer

The Committee is asked to note the paper.
	
11.		Update on the Procurement of External Audit Services
	
	Chief Finance Officer

The Committee is asked to note the paper.
	
12.		Strategic Risk Management Quarter 2 2013/14
	
	Chief Finance Officer

The Committee is asked to note the paper.
	
13.		National Fraud Initiative Update 2012/13
	
	Chief Finance Officer

The Committee is asked to note the paper.

14.		Half Yearly Fraud Report  2013/14
	
	Director of Internal Audit

The Committee is asked to note the report.
	
15.	  Personal Data Disclosure to the Police and Other Law Enforcement Agencies
	
	Director of Community Safety, Enforcement and Policing

The Committee is asked to note the report.
	
16.		Legal Compliance Report  (1 April 2013 – 30 September 2013)
	
	General Counsel

The Committee is asked to note the report.
	
17.		Any Other Business the Chair Considers Urgent
	
 	The Chair will state the reason for urgency of any item taken.	
18.		Date of Next Meeting
	
	Wednesday 5 March 2014	
19.		Exclusion of Press and Public
	
	The Committee is recommended to agree to exclude the press and public from the meeting, in accordance with paragraphs 5 and 7 of Schedule 12A to the Local Government Act 1972 (as amended), in order to consider the following items of business. 

Agenda Part 2
Papers containing supplemental confidential or exempt information not included on or in the related item on Part 1 of the agenda.	
20.	Minutes of the Meeting of the Audit and Assurance Committee  held on 1 October  2013
	
	General Counsel

The Committee is asked to approve the minutes of the previous meeting of the Audit and Assurance Committee and authorise the Chair to sign them.
	
21.	Matters Arising 	
		
22.	Strategic Risk Management Quarter 2 2013/14 
	
	Chief Finance Officer

Exempt supplemental information relating to the item on Part 1.
	
23.	National Fraud Initiative Update 2012/13 – Appendix
	
	Chief Finance Officer

Exempt supplemental information relating to the item on Part 1.
	
24.	Half Yearly Fraud Report  2013/14
	
	Director of Internal Audit

Exempt supplemental information relating to the item on Part 1.
	
25.	Personal Data Disclosure to the Police and Other Law Enforcement Agencies
	
	Director of Community Safety, Enforcement and Policing

Exempt supplemental information relating to the item on Part 1.
	
26.	Legal Compliance Report  (1 April 2013 –  30 September 2013)
	
	General Counsel

Exempt supplemental information relating to the item on Part 1.