Audit Committee

The role of the audit committee is to advise the governing body on the adequacy and effectiveness of the colleges systems of internal control and its arrangements for risk management , health & safety matters, control and governance processes and securing economy, efficiency and effectiveness (value for money).

The committee also advises on the appointment, reappointment and dismissal of the internal and external audit services and advises the governing body on the scope and objectives of their work.

The audit committee monitors, within an agreed timescale, the implementation of agreed recommendations relating to internal audit assignment reports and internal audit annual reports. The committee also considers and advises the governing body on relevant reports by the National Audit Office and College funding bodies, and where appropriate managements response to these.

It is also within the remit of this committee to establish, in conjunction with college management, relevant annual performance measures and indicators, and to monitor the effectiveness of the internal audit service through these services and decide whether the audit service is appropriate. Any allegations of fraud and irregularity are also followed up by this committee and a full report given to the governing body.

FULL TERMS OF REFERENCE FOR THE COMMITTEE ARE AVAILABLE FROM THE CLERK TO THE CORPORATION

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