As part of the Council’s duty to fulfil its governance obligations to the community, Council established an Audit Committee to Council in 1996 in accordance with Section 139 of the Local Government Act 1989 and operates in accordance with the best practice guidelines for Audit Committees. The Audit Committee reports to Council as an Advisory Committee of Council.
The primary role for the Audit Committee is to provide an independent review of Council’s financial and management systems and reporting responsibilities, and to ensure compliance with statutory rules and regulations and oversee an effective and efficient audit system both internally and externally. The Audit Committee also provides an effective means of communication between the external auditor, internal audit process, management and the Council.
The Audit Committee consists of five members, three independent members and two Councillors. The Councillors are appointed for a two year period with one Councillor retiring annually. Independent members are appointed for a three year term and are eligible to be reappointed after the expiry of their term. The Chairperson of the Committee is appointed on an annual basis from the independent membership of the Committee by all members of the Audit Committee.
The Audit Committee meets 5 times per annum.
The current membership of the Audit committee is:
Mr Brian Keane
Current Chairman of the Audit Committee
Mr Michael Said CPA, RCA
Mr A.J. (John Purcell) FCPA,
Cr Lawrence Evans
Cr Bruce Lowe
The Chief Executive Officer, Director Corporate Services, Manager Finance, Manager Governance and Internal Auditors attend all meetings by invitation, to assist the Committee, and do not have voting rights. The External Auditor attends a Committee meeting to present to the external audit plan and the presentation of the audited Financial, Standard and Performance Statements. The opportunity is provided for the Audit Committee to meet with the auditors without management at each meeting.
Matters commonly discussed at the Audit Committee meetings include:
- Internal audit reviews
- External audit reports
- Implementation status of audit recommendations
- Financial Statements
- Reports relating to governance, legislative compliance and information technology
- Risk management issues
- Insurance matters
- Procurement matters
The Internal Audit function is provided by Crowe Horwath who provides independent assurance regarding the effectiveness and efficiency of governance, risk management and internal control processes across the organisation.
The appointment of the Internal Auditor was undertaken as a result of a public competitive tendering process in June 2014. The Internal Auditor was appointed in June 2014 for a term of three years with an option for Council to extend for one year.
The Audit Committee operates within a Charter which is reviewed evert two years. The most recent review of the Charter was undertaken in May 2015. The Charter outlines the duties and responsilbities of the Audit Committee.
Page last updated: 03 Aug 2015