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Audit and Risk Committee > 2018

As per section 7.1A of the Local Government Act 1995 (the Act), the Shire of Kojonup maintains an Audit Committee.

TERMS OF REFERENCE

Function:

This Committee is responsible for assisting Council in recommending appropriate actions to Council with regards to audit, risk and governance management to ensure accountability to the community in its responsibilities.

 Duties and Responsibilities:

• Receive and review the biannual reports from the Chief Executive Officer (CEO) regarding the appropriateness and effectiveness of the Shires risk management, internal controls and legislative compliance and make recommendations to Council;
• Recommend and review the Shires Risk Appetite Statement in order to set the Risk Tolerance of the Council;
• Monitor and receive reports concerning the development, implementation and on-going management of the Shires Risk Management Plan and the effectiveness of its Risk Management Framework;
• Provide advice and assistance to Council as to the carrying out of its functions in relation to audits and recommend the scope of the audit to be undertaken;
• a) a list of those matters to be audited; and
• Meet with the auditor yearly and provide a report to Council on the matters discussed and the outcome of the discussions;
• Liaise with the (CEO) to ensure that the Shire does everything in its power to:

1. assist the auditor to conduct the audit and carry out his or her other duties under the Local Government Act 1995; and
2. ensure that audits are conducted successfully and expeditiously;

• Examine the reports of the auditor after receiving a report from the CEO on the matters and:

1. determine if any matters raised require action to be taken by the Shire; and
2. ensure that appropriate action is taken in respect of those matters;
3. Review the report prepared by the CEO in respect of any matters raised in the report of the auditor and present the report to Council for adoption prior to the end of the next financial year or six months after the last report prepared by the auditor is received, whichever is the latest;

• Review the scope of the Audit Plan and its effectiveness;
• Consider and recommend adoption of the Annual Financial Report to the Council;
• Address issues brought to the attention of the Committee, including responding to requests from Council for advice that are within the parameters of the Committee's terms of reference;
• Seek information or obtain expert advice through the CEO on matters of concern within the scope of the Committee’s terms of reference following authorisation from the Council; and
• Review the annual Statutory Compliance Return and make a recommendation on its adoption to Council.

Membership

Four (4) Councillors; and

Two (2) Community Members.