The Audit, Risk and Governance Committee of Lancashire County Council was scheduled to consider a range of financial and audit reports, including the annual statements of accounts and findings from external audits. The committee was also set to review treasury management activities and strategies, alongside internal audit progress and corporate risk management.

Statement of Accounts 2024/25

The committee was scheduled to review the Statement of Accounts for the financial year 2024/25. This is a key annual report that provides a comprehensive overview of the council's financial performance and position.

External Audit Findings

Several reports concerning external audits were on the agenda. These included the Lancashire County Pension Fund External Audit Findings Report 2024/25 and the LCC Audit Findings Report 2024/25 . The committee was also due to consider the Auditor's Annual Report . These reports typically detail the findings of independent auditors regarding the council's financial statements and internal controls.

Treasury Management

Discussions were scheduled regarding treasury management activities for the upcoming financial year, with the Treasury Management Activity 2025/26 report. Additionally, the committee was to consider the Treasury Management Strategy 2026/27 , which outlines the council's approach to borrowing, investing, and managing financial risks.

Internal Audit and Risk Management

The Internal Audit Progress Report was set to provide an update on the work undertaken by the internal audit team. The committee was also scheduled to review the Corporate Risk and Opportunity Register – Quarterly Update , which details the council's key risks and opportunities.

Procurement and Member Conduct

The committee was due to examine Procurement Waivers and Non Compliance 2025-26 , a report that likely details instances where procurement rules may have been deviated from. Furthermore, the Code of Member Conduct - Annual Report of Complaints was scheduled for review, providing an overview of complaints received regarding the conduct of councillors.

Part II Business (Exempt from Public)

A portion of the meeting was designated as Part II, meaning it was not open to the press and public. This section included discussions on Update on the Overpayment of Salaries and a Counter Financial Crime, Investigations and Whistleblowing Half Year Update Report . Appendices related to procurement waivers and the corporate risk register were also listed for Part II consideration, indicating that these documents contained information deemed exempt from public disclosure under the Local Government Act 1972.