Meeting papers

SERVICES & ORGANISATION COMMITTEE MEETING                                     9 SEPTEMBER 2025


7.4         REVIEW OF THE AUDIT AND RISK COMMITTEE CHARTER & REVIEW OF
            THE INTERNAL AUDIT POLICY


Author            Executive Officer, Jonci Wolff
                  Office of the CEO & Mayor
Index             Governance-Internal Audit 27.21
                  Governance-Audit Committee 27.22
Attachments       1.   ATTACHMENT 1_AUDIT & RISK COMMITTEE CHARTER_DRAFT
                  2.   ATTACHMENT 2_INTERNAL AUDIT POLICY_DRAFT


EXECUTIVE SUMMARY
This report seeks Council’s adoption of the revised Audit and Risk Committee Charter and Internal
Audit Policy, which together provide the framework for independent oversight of Council’s
governance, risk management, and internal control environment by the Audit and Risk Committee.

As part of the annual review, both documents were reformatted to align with Council’s branding and
policy template, with minor structural and wording changes made to improve clarity and readability
without altering their intent.

The review also incorporated recommendations from the Internal Audit Review of the Effectiveness
of the Audit and Risk Committee and was informed by research into professional standards and
better practice for Charters and Audit and Risk Committee functions. Following this process, both
documents were reviewed by the Executive Officer, Internal Audit & Corporate Performance, and
subsequently considered and endorsed by the Audit and Risk Committee.

RECOMMENDATION
That Council
   A. Note the report by the Executive Officer to the Services & Organisation Committee meeting
      dated 9 September 2025 regarding the Audit and Risk Committee Charter and Internal Audit
      Policy;
   B. Adopt the
         1. Audit and Risk Committee Charter provided as Attachment 1; and
         2. Internal Audit Policy provided as Attachment 2.


REPORT
   1. Audit and Risk Committee Charter (Attachment 1)
The purpose of the Audit and Risk Committee Charter (the Charter) is to formally set out the role,
authority, and responsibilities of the Audit and Risk Committee (the Committee). It serves as the
governance framework that guides how the Committee supports Council in fulfilling its oversight
obligations. Section four of the Charter requires that the Charter be reviewed annually.

As part of the review, several sections were reformatted to align with Council’s branding and policy
template. Minor wording and structural changes were also made to improve readability, without
altering the document’s content.




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