The Audit and Accounts
Committee provides independent assurance on the adequacy of the
risk management framework, the internal control environment and the
integrity of the Council’s financial reporting and governance
processes.
Remit and Terms of
Reference
1.
Oversee the Council’s financial reporting
process.
2.
Approve the Council’s Annual Statement of
Accounts in accordance with the relevant prevailing
legislation.
3.
Receive and consider the reports, plans and opinions
of the internal auditor; agreeing and monitoring the implementation
of actions agreed in respect of such reports, plans and opinions,
and ensuring effective control within the assurance
framework.
4.
Receive and consider the reports and opinions of the
external auditor and external inspection agencies; monitoring the
implementation of actions agreed in respect of such reports and
opinions.
5.
Scrutiny of the Council’s Treasury Management
Strategy, Investments Strategy and Capital Strategy and the in-year
monitoring of compliance with these.
6.
Scrutiny of the Council’s Medium Term
Financial Plan, annual budget and in-year monitoring of these in
the context of financial sustainability.
7.
Assurance of the Council’s governance, risk
management framework and associated control environment and
policies including the Council’s Risk Register, Risk
Management Strategy, and anti-fraud and anti-corruption
arrangements.
8.
Review any matters within the committees’
remit and terms of reference referred to it by the Chief Executive,
Section 151 Officer, Monitoring Officer or any Body of the
Council.
9.
Act as an advisory committee to the Cabinet and
Council on matters relating to the Committee’s terms of
reference.
10. Such other matters as required by law or guidance to be the
proper remit of the Audit & Accounts Committee.
11. Ensure that the Council achieves value for money through all its
arrangements.