Meeting papers

                                                                      ATTACHMENT 1
AUDIT & RISK COMMITTEE CHARTER



                                                                                   Council Policy
                                                  AUDIT AND RISK COMMITTEE
                                                                  CHARTER

 Corporate Plan Reference:                       Theme 5: Excellence

                                                 Objective 5.5: Provide robust and transparent
                                                 governance systems to build and strengthen
                                                 community trust, supported by the implementation of
                                                 an enterprise risk and opportunity management
                                                 framework

 Endorsed by Council:

 Policy Author:                                  Executive Officer     Internal   Audit   and    Corporate
                                                 Performance



1   STATEMENT

The Queensland Local Government Act 2009 requires that each large local government must
establish an Audit Committee. The Audit and Risk Committee Charter (the Charter) defines the role,
responsibilities, composition and guidelines of the Audit and Risk Committee (the Committee) within
Council. The Committee is to provide an oversight, advisory and assurance role only and does not
have any delegated responsibility or management functions within Council.

Council recognises the value of an effective independent Audit and Risk Committee to assist Council
in discharging its legal responsibilities and meeting its business objectives through efficient, effective,
and economical governance frameworks and processes.

2   PURPOSE

The Charter provides the framework for the establishment and operations of the Audit and Risk
Committee of the Noosa Council which has been established to fulfill the requirements of the Local
Government Act 2009 and the Local Government Regulation 2012.

The objective of the Audit and Risk Committee is to promote good corporate governance through
the provision of independent assurance, oversight and advice to Council and the Chief Executive
Officer on matters relating to internal and external audit, financial statement preparation and financial
management, risk management, internal control, and governance.

3   SCOPE

The scope of Audit and Risk Committee responsibilities under this Charter extends to all the
operations and activities of the Council.




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