Audit and Risk Committee
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This Committee monitors budgets and the work of Internal Audit and is concerned with other matters such as risk management, financial control systems and the relationship with external audit.
The Committee:
approves the Annual Statement of Accounts
monitors the council's revenue budgets and capital programme
approves Internal Audit's strategy, plan and performance
monitors Internal Audit's work and the implementation of their recommendations
considers the effectiveness of the authority's risk management arrangements, the control environment and associated anti-fraud and anti-corruption arrangements and seek assurances that action is being taken on risk related issues identified by auditors and inspectors
ensures that there are effective relationships between external and internal audit, inspection agencies and other relevant bodies, and that the value of the audit process is actively promoted
reviews the external auditor's opinion and reports to members, and monitor management action in response to the issues raised by external audit
reviews the reports of inspection agencies
approves and monitors the Code of Corporate Governance
reviews and approves for publication the council's Annual Governance Statement
reviews the Audit Charter and Terms of Reference annually
reviews the assessment of fraud risks and potential harm to the council from fraud and corruption
Membership
Councillor Nora Walsh (Chair)