The primary objective of the Committee is to assist Council in fulfilling its oversight responsibilities relating to accounting and reporting requirements imposed under the Local Government Act 2009 and other relevant legislation. These terms of reference set the principles and standards for the Audit Committee and explains the role of the Committee within Council.
The Local Government Act 2009 requires Ipswich City Council to establish an effective and efficient internal audit function. 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 Act 2009 and relevant legislation. It is the purpose of the Charter to define the function, scope, operating and reporting parameters for the internal audit activity.