Independent Deputy to the Presiding Member - Audit, Risk and Improvement Committee

INTRODUCTION

In accordance with section7.1A of the Local Government Act 1995 (the Act), the Shire of Perenjori (“the Shire”) has established an Audit, Risk and Improvement Committee (“the Committee”).

These Terms of Reference set out the Committee’s objectives, authority, composition and tenure, roles and responsibilities, reporting and administrative arrangements.

FUNCTIONS AND RESPONSIBILITIES

The Committee has the responsibility to provide oversight and assurance to Council in relation to:

1) Review the annual Compliance Audit Return (CAR) and report to Council on the results of that review (Audit Regulations 1996, r14 and r16).

2) Review the Auditor’s Report and Management Letter received from the Shire’s external auditor and report to Council on any matters raised, including appropriate actions to be taken (Local Government Act 1995, s7.12A).

3) Monitor the implementation of audit recommendations to ensure appropriate responses are taken in a timely manner (Local Government Act 1995, s7.12A(3)).

4) Review the CEO’s report on the appropriateness and effectiveness of systems and procedures in relation to risk management, internal control, and legislative compliance (biannually) (Audit Regulations 1996, r17).

5) Review the Financial Management Systems Review (FMSR) conducted in accordance with Regulation 5(2)(c) of the Local Government (Financial Management) Regulations 1996