The Audit Committee is a key component of the
Council’s corporate governance. It provides:
i.
an independent and high-level focus on the audit,
assurance and reporting arrangements that underpin good governance
and financial standards;
ii.
independent review of the Council’s
governance, risk management, control frameworks and oversees the
financial reporting and annual governance processes; and
iii.
promotes high standards of ethical behaviour by
developing, maintaining and monitoring Codes of Conduct for
Councillors and co-opted Members (including other persons acting in
a similar capacity).
The Committee receives reports and assurances
from across the organisation. In doing
so the Committee will consider the effectiveness of the
arrangements described, identifying further information needed
and/or making recommendations for improvements and additional
action required.
It also oversees internal audit and external
audit, helping to ensure efficient and effective assurance
arrangements are in place.
The Committee will report to full Council on a
regular basis on the Committee’s performance and
effectiveness.
The detailed functions in respect of governance, risk and
control; internal audit; external audit; financial reporting;
accountability arrangements; related functions and standards
arrangements can be found in the Council’s Constitution
elsewhere on this website.