Internal audit

The Chief Executive as Accountable Officer will:

• work with the SG’s Internal Audit and Assurance Directorate in accordance with the Internal Audit section of the SPFM
• set up an Audit and Risk Committee, chaired by a non-executive and with at least one member who has significant financial experience, in accordance with the Audit Committees section of the SPFM, and pay careful attention to the Audit Committee’s advice
• ensure that the Portfolio AO receives promptly after they are produced or updated: the audit charter, strategy, periodic audit plans and annual audit assurance report, including the Head of Internal Audit opinion on risk management, control and governance – and provide any other relevant audit reports as requested by the Senior Lead Officer
• keep records of, and prepare and forward promptly to the SG Governance and Risk Branch an annual report on fraud and theft suffered by Transport Scotland and notify the Portfolio AO immediately of any unusual or major incidents