Review Of The Audit And Risk Committee Charter & Review Of The Internal Audit Policy · Attachment 1_Audit & Risk Committee Charter_Draft

AUDIT & RISK COMMITTEE CHARTER


      f) Determine whether an effective approach has been followed in establishing the Council’s
         business continuity planning arrangements and whether business continuity and disaster
         recovery plans have been periodically updated and tested.
      g) Monitor and receive reports for significant projects and outsourcing arrangements which
         include the identification of emerging risks and recommendations to overcome issues that
         impact on the success of the project or arrangement.
      h) Review Council’s processes for monitoring, identifying and responding to security threats
         including threats to council information, critical systems, cyber and ICT security.
      i) Receive reports regarding council’s safety performance and monitor Council’s workplace
         health and safety management system to ensure Council is meeting its obligations and
         effectively assessing and managing workplace health and safety risks.


6.4        Fraud and corruption controls

      a) Review the process of developing and implementing Council’s fraud control arrangements
         and satisfy itself that Council has appropriate processes and systems in place to identify
         fraud and corruption risks as well as to detect, capture and effectively respond to fraud-
         related information including public interest disclosures.
      b) Review reports on fraud that outline any identified allegations of fraud, the status of any
         ongoing investigations and any changes to identified fraud risk in Council.


6.5        Governance and internal control environment

      a) Review Council’s Governance Framework and monitor the standard of corporate
         governance.
      b) Monitor the organisations approach to managing internal controls and providing assurance
         regarding effective operation of controls.
      c) Recommend governance and internal control improvements for management consideration.
      d) Review and provide advice on key council policies particularly in relation to financial
         management, strengthening internal controls and risk management, and complying with
         legislative requirements.
      e) Consider whether management has in place an overall compliance and accountability
         framework together with relevant policies and procedures which reflect legislative, regulatory
         and policy requirements, and that these are periodically reviewed and updated.
      f) Review and monitor the effectiveness of the approach to ensuring legal and regulatory
         compliance including reports on emerging legal risks and obligations.
      g) Review the findings of any examinations by regulatory agencies including council’s
         responses and monitor management’s implementation of improvement recommendations.
      h) Review and provide advice on the appropriateness of Council’s performance management
         system for assessing, monitoring, and reporting on achievement of council’s performance
         and for alignment with corporate planning, budget and end of year reports.
      i) Monitor and evaluate council’s approach to ensuring a positive organisational culture
         (including the adoption of ethical principles) which is aligned to achieving council’s corporate
         objectives and core values.


6.6        Other Matters

      a) Identify opportunities to improve the efficiency and effectiveness of Council’s operations.
      b) Recommend special projects or investigations on any matter within its Charter.
      c) Communicate and bring awareness to the work that this Committee undertakes to Council
         and the community.




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