Decision details

Audit Committee (Agenda Item 12)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To approve the formation of an Audit Committee.

Decision:

That the Council be recommended to establish an Audit Committee, with the appropriate amendments to the Council’s Constitution, as follows:

 

(a)         the Committee to comprise Five Members (and named substitute Members) and be politically balanced (currently four Conservatives and one from the minority parties).

 

(b)         the Terms of Reference, as detailed in paragraph 4.3.1 of the report, be adopted.

 

(c)         the Committee may appoint external representatives as co-opted advisors, without voting rights, Independent Remuneration Panel to be asked to consider whether these representatives are paid an allowance.

 

(d)         The Audit Committee will determine its meeting programme/schedule but at least four meetings will be held each year.

Reasons for the decision:

(1)         It was important to establish an Audit Committee to comply with CIPFA best practice, improve Corporate Governance and to enable improved scoring on the Use of Resources Assessment.

 

(2)         Failure to do this may impact on future Use of Resources Assessments and the Council’s future CPA judgement.

 

Alternative options considered:

(1)         To establish an Audit Committee.

 

(2)         To not establish an Audit Committee and maintain the current committee structure.

Report author: Stephen McGrath

Publication date: 21/11/2007

Date of decision: 20/11/2007

Decided at meeting: 20/11/2007 - Cabinet

Accompanying Documents: