Audit Committee
Membership
Functions and Delegations
Audit Activity
(i) To consider the Internal Audit Manager’s Annual Report
and Opinion, and a summary of internal audit activity (actual and
proposed) and the level of assurance it can give over the Council’s
corporate governance arrangements.
(ii) To agree the external Audit Plan for the year.
(iii) To approve the cost of the Audit.
(iv) To consider summaries of specific internal audit reports
as requested.
(v) To consider reports dealing with the management and
performance of the providers of internal audit services.
(vi) To consider a report from internal audit on agreed
recommendations not implemented within a reasonable timescale
(vii) To consider the external auditor’s annual letter,
relevant reports and the report to those to those charged with
governance.
(viii) To consider specific reports as agreed with the
external audit work and to ensure it gives value for money.
(ix) To comment on the scope and depth of external audit work
and to ensure it gives value for money.
(x) To liaise with the Audit Commission over the appointment
of the council’s external auditor
(xi) To commission work from internal and external audit.
Regulatory Framework:
(xii) To maintain an overview of the Council’s Constitution
in respect of Contract Procedure Rules, Financial Regulations, and
Codes of Conduct and Behaviour, and to make recommendations to the
Standards Committee as appropriate.
(xiii) To review any issue referred to it by the Chief
Executive or a Director, or any council body.
(xiv) To monitor the effective development and operation of
risk management and corporate governance in the council, and to
ensure that these matters are effectively embedded.
(xv) To offer advice and guidance to the Standards Committee
on the Council’s Confidential Reporting Code and Policy.
(xvi) To oversee the production of the authority’s Statement
on Internal Control and to recommend its adoption.
(xvii) To consider the Council’s arrangements for corporate
governance and agreeing necessary actions to ensure compliance with
best practice.
(xviii) To consider the Council’s compliance with its own and
other published performance standards.
Accounts
:
(xix) To review the Annual Statement of Accounts.
Specifically, to consider whether appropriate accounting policies
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.
(xx) To consider the External Auditor’s report to those
charged with governance on issues arising from the audits of the
accounts.
TWBC Audit
Committee Annual Report 2008/09 Acrobat/PDF File
261kb
Related Pages
- The Council Constitution
The Tunbridge Wells Borough Council's constitution sets out how the
Council operates, how decisions are made and the procedures which
are followed to ensure that these are efficient, transparent and
accountable to local people. Some of these processes are required
by the law, while others are a matter for the Council to
choose.