The Audit and Finance Committee is a key component of a
council’s corporate governance framework. It provides an
independent and high-level focus on the audit, risk management,
assurance and reporting arrangements that underpin good governance
and financial standards.
The purpose of the Committee is to provide independent assurance
to the council on the adequacy of the risk management framework and
the internal control environment. It provides independent review of
the governance, risk management and control frameworks and oversees
the financial reporting and annual governance processes. It also
oversees the work of both the internal and external auditors,
helping to ensure that efficient and effective assurance
arrangements are in place.
The Committee's full terms of reference and delegated functions
can be viewed in Part 2, Section E of the Council's
constitution.