Ipswich City CouncilAudit CommitteeThe primary objective of the Audit Committee is to assist Council in fulfilling its oversight responsibilities relating to accounting and reporting practices imposed under the Local Government Act 1993 and other relevant legislation. These terms of reference establish the responsibilities of the Audit Committee and explains the role of the Committee within Council.
The Local Government Finance Standard 2005 S 4 (1a) and S 6 (1) requires Ipswich City Council to adopt a policy with respect to whether an internal audit function must be established and maintained. It is the policy of Council to provide an internal audit function, independent of all other organisational functions. This Charter establishes the authority and responsibility conferred by Council on the Internal Audit Branch, and incorporates the internal audit duty requirements of the Local Government Finance Standard S 14 (2) It is the purpose of the Charter to define the function, scope, operating and reporting parameters for the internal audit activity.
Last Updated 5 Jun 2008 |
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