This Committee is
responsible for taking a strategic overview and of the Councils
audit, risk, and governance functions, and its financial management
processes and control. It is responsible for:
·
setting the Council Tax base in January in advance of the
budget,
·
considering and approving the Council’s Annual Statement of
Accounts, focusing on accounting policies and practices and
important adjustments
and for
overseeing:
·
internal control and risk management: how the Council identifies
and deals with key risks; policies to ensure the Council follows
regulatory guidance, anti-fraud, anti-corruption, money laundering,
the Annual Governance Statement,
·
internal and external audit functions:
o
ensuring co-ordination and allocation of sufficient resources
o
reviewing the internal audit programme; considering the main
findings from reviews and audits, and considering management
responses;
o
reviewing the external audit plan and the reports, including on the
Statement of Accounts, value for money reports, and management
responses.
Number of Councillors: 7 (substitutes permitted)
Quorum: 3
Frequency: 4-5 scheduled meetings per year
Get involved at Audit and Governance Committee meetings