Committee details

The Audit Committee is established to:

(a)   provide an independent and high-level focus on the audit, assurance and reporting arrangements that underpin good governance and financial standards

(b)  provide independent assurance to those charged with governance of the adequacy of the risk management framework and the internal control environment

(c)  provide independent review of the Council’s governance, risk management and control frameworks

(d)  oversee the financial reporting and annual governance processes.

(e)  oversee internal audit and external audit, helping to ensure efficient and effective assurance arrangements are in place

(f)  consider assurance of the Council’s financial and non-financial performance to the extent that it affects the Council’s exposure to risk and weakens the control environment including emphasis on:

·  Governance risks around high level financial strategy and reserves

·  Governance risks connected to asset realisation

·  Governance of Capital Programme and projects

·  Value for Money and Delivering Objectives

·  Governance of linked incorporated bodies

The Committee is made up of 9 non-executive councillors appointed to reflect the political balance of the Council.