Transport for London 

AUDIT COMMITTEE – Open Session

Meeting to be held on Thursday, 15 June 2006 at 09.00 am
in the 14th floor Boardroom, Windsor House

A private session with the Chief Finance Officer will be held at the start of the meeting. It is anticipated to last 15 minutes and the main meeting will commence at 09.15

AGENDA 

1.	Apologies for absence 	
	
2.	Minutes of previous meeting	
2.1 Matters Arising and Outstanding Actions Monitoring Report
      2.1.1  Progress with traffic modelling	For noting
	
3.	Strategic Risk Management Progress Report				JB

4.	Internal Audit Matters:				MMH 
4.1 Report on Management Actions
4.2 Final Audit reports for Q4 2005/06

5.	Annual Report and Accounts
5.1  Proposed Corporate Governance Disclosures			JP
             5.2  General Counsel’s Annual Report				PM
5.3   Director of Internal Audit’s Opinion on the Statement
	       of Assurance 					MMH

6.	External Audit Matters
	6.1 Independence and Objectivity				KPMG
	6.2 Non Audit Fees					KPMG
	
7.	Update Report on Whistle-Blowing Procedures			For noting

8.	Audit Commission Update				SC

9.        Any Other Business

At the close of this meeting the Audit Committee members will have a private session with the external auditors.

The next meeting of the Audit Committee will be held on 2 November at 10.00 a.m.