Terms of Reference of the Audit
(a) To review, in
collaboration with the Audit, Risk and Anti-Fraud Manager, the
Internal Audit Charter on an annual basis and to consider and
approve any further development of the Council’s Internal
Audit Charter, Strategy or terms of reference such as shall be
(b) To consider and
approve the annual internal audit plan, including a summary of
internal audit activity regarding the level of assurance that it
can give over the Council’s internal control, corporate
governance and risk management arrangements. Further, to commission
work as required from both Internal and External Audit.
(c) To consider
the Audit, Risk and Anti-Fraud Manager’s annual report and
(d) To consider
quarterly progress reports from the Audit, Risk and Anti-Fraud
Manager regarding the progress of the Annual Internal Plan. The
Committee may request to review any individual audit report should
they or the Audit, Risk and Anti-Fraud Manager deem it appropriate
to do so.
(e) To consider a
report on the progress of all recommendations made by internal
audit and other external regulatory or review agencies.
(f) To receive
and consider the annual report on the review of the effectiveness
of the internal audit function.
consider confidential reports on investigations carried out by
Internal Audit of suspected fraud; corruption or bribery
allegations within the Council or its partners.
(h) To make proper
arrangements regarding the appointment of the Council’s
External Auditor; to consider the appointed External
Auditor’s annual letter, relevant reports, and the report to
those charged with governance.
(i) To comment on the scope and depth of
external audit work and to ensure it gives value for
(j) To consider
any external audit report resulting from the Statement of Accounts
and any recommendations and comments received from the District
(k) To maintain
an overview of the effective development and operation of corporate
governance and risk management in the Council, and to monitor
compliance with statutory duties and the Council’s
Constitution in respect of Financial and Contract Procedure
(l) To monitor
Council policies on ‘Raising Concerns at Work’; the
anti-fraud and anti-corruption strategy; the Bribery Act; and the
Council’s complaints process; including the Council’s
(m) To consider and approve the Council’s
Annual Governance Statement and recommend its adoption to
(n) To monitor the
Council’s arrangements for corporate governance and if
necessary to recommend actions to ensure compliance with best
practice; and to also consider compliance with the Council’s
own and other published standards and controls.
(o) To receive and
consider reports from the monitoring officer on lawfulness and/or
maladministration; to review any issue referred by the Chief
Executive, a Chief Officer, or a Statutory Officer.
(p) To monitor the
implementation of the Members’ Allowance Scheme.
(q) To review the
annual Statement of Accounts. Specifically to consider whether
appropriate accounting policies, including International Financial
Reporting Standards, have been followed and whether there are
concerns arising from the financial statements or from the audit
that need to be brought to the attention of the Council.
(r) To approve
the Statutory Statement of Accounts when the deadline for approval
does not allow approval by full Council.
(s) To consider
the external auditor’s report to those charged with
governance on issues arising from the audit of the accounts, and
comments received from the District Auditor.