URL: https://moderngov.lambeth.gov.uk/ieDecisionDetails.aspx?ID=9983

Decision Maker: Cabinet Member for Finance

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Proposal that the London Borough of Lambeth and the London Borough of Southwark enter a shared service, led by Lambeth, for the provision of internal audit services for both authorities starting in May 2025 for an initial period of up to 5 years.

Content: 1.    To agree that the London Borough of Lambeth can deliver internal audit services to the London Borough of Southwark.   2.    To authorise the Corporate Director of Finance, in consultation with the Director of Legal and Governance, to enter into arrangements and inter authority agreements with the London Borough of Southwark for the provision of internal audit services for an initial period of up to five years starting from June 2025.   3.    To agree the increased expenditure for internal audit from £721,000 to £1m per year between 2025/26 and 2030/31.  

Date of Decision: June 26, 2025