There are several useful sources of further information on audit that can be consulted:
Each funding council has an audit code, which is essential reading. The codes, often associated with the Financial Memorandum, can be found at:
England – HEFCE Audit Code of Practice
Scotland – SFC Audit Code of Practice
Wales – HEFCW Audit Code of Practice
Northern Ireland - available from the Department of Employment and Learning.
The CUC Guide for Members of Higher Education Governing Bodies in the UK has a short section on governors’ responsibilities in relation to audit.
There are further references [PDF, 32KB] which were produced mainly for audit committee members, but some sections will be worth reading by all governors.