Committee details

Terms of Reference:-

·                    Review the financial statements, external auditor’s opinion and reports to members and monitor management action in response to the issues raised by external audit.

·                    To consider the head of internal audit’s annual report and opinion on the council’s corporate governance arrangements.

·                    To conduct reviews of the effectiveness of the council’s system of internal audit.

·                    Be satisfied that the authority’s assurance statement including the annual governance statement properly reflect the risk environment and any actions required to improve it.

·                    Approve (but not direct) internal audit’s strategy, plan and monitor performance.

·                    Review summary internal audit reports and the main issues arising and seek assurance that action has been taken where necessary.

·                    Consider the effectiveness of the authority’s risk management arrangements, the control environment and associated anti fraud and anti corruption arrangements and seek assurance that action is being taken to mitigate those risks identified.

·                    To make recommendations on contract standing orders.

·                    To maintain an overview of the council’s whistleblowing policy.