Issue - meetings

To review the Audit Committee Terms of Reference.

The Audit, Governance & Procurement Lead Manager presented the Audit Committee Terms of Reference for the 2024/25 municipal year.

There was a requirement in the Council’s Constitution that an annual review of the terms of reference took place at the first meeting following the Council’s Annual General Meeting.

The Audit Committee terms of reference reflected the requirements of the Council under the Local Audit & Accountability Act 2014 in respect of the appointment of External Auditors.

Key tasks for the coming year were to approve the Audit Charter and Internal Audit Plan, review Internal Audit activities, review documentation from the External Auditors, review governance and risk management processes, monitor treasury management activities and approve the Annual Governance Statement that accompanied the final accounts.

Upon being put to the vote it was, unanimously:

RESOLVED – that:

a)    the report be noted; and

b)   the Terms of Reference be adopted by Council at the meeting being held in July 2024.