Agenda 

Meeting:	Audit and Assurance Committee 	
Date:	Wednesday 8 October 2014	
Time:	10.00am	
Place:	Conference Rooms 1 and 2, 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

Copies of the papers and any attachments may be found at  tfl.gov.uk How We Are Governed.

This meeting will be open to the public, except for where exempt information is being discussed as noted on the agenda. There is access for disabled people and induction loops are available. A guide for the press and public on attending and reporting meetings of local government bodies, including the use of film, photograph, social media and other means is available on gov.uk. 

Further Information

If you have questions, would like further information about the meeting or require special facilities please contact: Sue Riley, Secretariat Officer; telephone: 020 7983 4392; 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
30 September 2014

Audit and Assurance Committee 
Wednesday 8 October 2014

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 18 June 2014	
	General Counsel

The Committee is asked to approve the minutes of the previous meeting of the Audit 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.	Annual Audit Letter  2013/14 	
	Interim Chief Finance Officer

The Committee is asked to note the letter.	

6.	External Audit Plan TfL, TTL and Subsidiaries – Year Ending 31 March 2015	
	Interim Chief Finance Officer

The Committee is asked to note the paper.
	
7.	KPMG Report on Non-Audit Fees for Six Months Ended 
30 September 2014 	
	Interim Chief Finance Officer

The Committee is asked to note the report.
	
8.	Update on the Procurement of External Audit Services 
	
	Interim Chief Finance Officer

The Committee is asked to note the paper.
	
9.	Effectiveness Review of the External Auditors	
	
Interim Chief Finance Officer

The Committee is asked to note the paper.

	
Internal Audit Items	
10.	Management Actions Report	
	Director of Internal Audit 

The Committee is asked to note the report.
	
11.	Internal Audit Quarter 1 Report  2014/15	
	Director of Internal Audit 

The Committee is asked to note the report.
	
12.	Crossrail Audit Committee	
	Director of Internal Audit 

The Committee is asked to note the paper.

	
Accounting and Governance	
13.	Cyber Security 	
	Chief Information Officer

The Committee is asked to note the update.
	
14.	Freedom of Information and Transparency	
	General Counsel

The Committee is asked to note the update.
	
15.	Strategic Risk Management Update – Quarter 1	
	Interim Chief Finance Officer

The Committee is asked to note the paper.
	
16.	Make A Difference Recognition Scheme	
	Director of Pensions and Reward

The Committee is asked to note the paper.
	
17.	Savings and Efficiencies Update	
	Interim Chief Finance Officer

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

The Committee is asked to note the paper.
	
19.	Any Other Business the Chair Considers Urgent	
	The Chair will state the reason for urgency of any item taken.
	
20.	Date of Next Meeting	
	17 December 2014 at 10.00am	
21.	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 in the related item on Part 1 of the agenda.	
22.	Matters Arising 	
	
23.	Effectiveness Review of the External Auditors 
	
	Interim Chief Finance Officer

Exempt supplemental information relating to the item on Part 1.
	
24.	Cyber Security
	
	Chief Information Officer

Exempt supplemental information relating to the item on Part 1.
	
25.	Strategic Risk Management – Quarter 1

Interim Chief Finance Officer

Exempt supplemental information relating to the item on Part 1.