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PLANNING & ORGANISATION COMMITTEE MEETING AGENDA   25 FEBRUARY 2014




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PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                            25 FEBRUARY 2014

                                                                         ATTACHMENT 1

      a           NOOSA                                              Strategic Policy
      @      |    COUNCIL
                                                                                DRAFT
                                         AUDIT COMMITTEE CHARTER

      Policy Owner and Department: = Chief Executive Officer

     1.  Function, Role and Duties of the Audit Committee
     The Audit Committee will act as an advisory committee to Council in the effective discharge
     of the responsibilities prescribed in the Loca! Government Act 2009, the Locai Govemment
     Regulation 2012 and other relevant legislation and prescribed requirements. In doing so, it
     will provide independent comment, advice and counsel on audit and risk management
     issues covering all Council operations and projects reported and considered by the
     Committee at its regular meetings.
     The Committee does not replace or replicate established management responsibilities and
     delegations, the responsibilities of other executive management groups within Council, or the
     reporting lines and responsibilities of the internal audit, external audit or risk management
     functions.
     The Committee will provide prompt and constructive reports on its findings directly to
     Council, particularly when issues are identified that could present a material risk or threat to
     Council.
     In the discharge of its responsibilities, a key duty of the Committee will be to provide
     reasonable assurance to Council that its core business goals and objectives are being
     achieved in an efficient and economical manner, within an appropriate framework of intemal
     control and risk management. The discharge of this responsibility principally involves the
     consideration of audit-related findings and risks highlighted and reported in respect of
     performance management.
     In the assessment of audit findings, the Committee must take into account management's
     responses and recommendations in relation to such matters.
     The Audit Committee’s core duties are to:
     e   Assess and contribute to the audit planning processes relating to the risks and
         threats to Council, taking into account the financial and operational environment in which
         it operates and its performance management framework;
     e   Assess and enhance Council's corporate governance,         including its systems of
         internal control;
     e   Oversee and appraise Council's financial and operational reporting processes;
     e   Review Council's internal controls to ensure they are best practice and for fraud and
         risk prevention; and
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