External

Audit Throughout the course of its work the Pensions Authority is subject to scrutiny by the Audit Commission which is responsible for the external audit function. This includes the external audit of financial statements and procedures and the provision of reports on their work to the Authority including the Annual Audit Letter and the Annual Governance Statement.

Internal Audit

As part of the system of internal control the Clerk & Treasurer has the responsibility to maintain a continuous, adequate and effective internal audit function. An Internal Audit Charter establishes the role and terms of reference of the South Yorkshire Joint Secretariat’s Internal Audit Team and supplements the Authority’s Financial Regulations.