The objective of Bayside Council’s Audit, Risk and Improvement Committee (the Committee) is to provide independent assurance to Council by monitoring, reviewing and providing advice about the Council’s governance processes, compliance, risk management and control frameworks, external accountability obligations and overall performance.
In accordance with Section 428A of the Local Government Act 1993 and the Audit, Risk and Improvement Committee Terms of Reference, the Committee must keep the following matters under review:
Compliance;
Risk Management;
Fraud Control;
Financial Management;
Governance;
Implementation of the strategic plan, delivery program and strategies;
Service reviews;
Collection of performance measurement data by the council;
Internal audit; and
External audit
The Committee operates under an Audit, Risk and Improvement Committee Terms of Reference that is adopted by Council resolution.
The Audit, Risk and Improvement Committee membership consists of an independent chairperson and up to three independent members who have voting rights, and one non-voting Councillor representative as follows:
The Committee meets at least once every quarter. Meetings of the Committee are not open to members of the public. The minutes of each Meeting is submitted to the next practicable Council meeting, and the Committee’s recommendations are subject to Council endorsement.
