Issue - meetings

This report seeks approval for the expansion of Veritau Limited to enable the company to provide internal audit services to a number of the North Yorkshire district councils from 1 April 2012.

RESOLVED:             That approval be given to the expansion of Veritau through the creation of a subsidiary company, Veritau – North Yorkshire so as to enable internal audit services to be provided to the North Yorkshire district councils from 1 April 2012.

REASON:                  As shareholders in Veritau, to consider the expansion of the company so as to enable the provision of services to other local authorities in the region.

Consideration was given to a report which detailed the proposed expansion of Veritau Limited to enable the Company to provide internal audit services to a number of the North Yorkshire district councils from 1 April 2012.

Further information in respect of the final proposals for the integration of the North Yorkshire Audit Partnership with Veritau Limited were set out at paragraphs 8 to 16 of the report. The outline dates necessary to establish Veritau North Yorkshire were timetabled at paragraph 18 with the transfer of the internal audit and counter fraud services scheduled for 1 April 2012. Details of the business case for expansion of Veritau Ltd were set out at Annex 1 of the report.

RESOLVED:             That approval be given to the expansion of Veritau through the creation of a subsidiary company, Veritau – North Yorkshire so as to enable internal audit services to be provided to the North Yorkshire district councils from 1 April 2012. ^1.

REASON:                  As shareholders in Veritau, to consider the expansion of the company so as to enable the provision of services to other local authorities in the region.