Decision details

The Committee considered the internal audit annual report for the Lancashire County Pension Fund.

Based on the internal audit work undertaken during the year, the internal audit service was able to provide substantial assurance around the internal controls in place for the Pension Fund. Further details around the areas of administration, the accounting system and investment management were presented.

The Committee also received details of the internal audit plan of work for 2015/16.

Resolved: - That:

(i)  The internal audit annual report for 2014/15, now presented, be noted;

(ii)  The internal audit plan for 2015/16, now presented, be approved.