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Waverley Borough Council Committee System - Committee Document

Meeting of the Executive held on 30/09/2003
Main Duties/Roles of an Audit Committee



MAIN DUTIES/ROLES OF AN AUDIT COMMITTEE

Agree terms of reference for internal audit and any amendment.

Approve internal audit strategy.

Provide guidance to the Council on the resourcing of internal audit.

Receive and approve periodic plans of internal audit; monitor progress against plans (as amended).

Consider (and provide guidance as necessary) on actions necessary arising from plans and performance.

Consider implications arising from internal audit findings and opinions.

Consider the adequacy of management responses to internal audit advices and recommendations.

Receive the Audit Manager’s Annual report.

Receive reports from the Audit Manager/Director of Finance on the quality assurance and performance management processes of internal audit.

Consider and comment upon the arrangements for co-operation between Internal Audit, external audit and any other review bodies.
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