The Audit Committee is not just
the concern of auditors, it is about the
governance, financial reporting and performance of the whole
The Audit Committee has the
following key purposes:
to provide independent assurance that the council has an adequate
control environment, including the systems of governance,
internal control and risk management.
to independently scrutinise the council's financial and
to oversee the financial reporting process.
The committee has a clear
role in relation to the council's Internal Audit
function. They also consider the work of the council's
External Auditors, who are present at each meeting. The
committee meets a minimum four times in each
financial year and comprises of five members.