Audit Committee — Lincoln

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30 Jan 2024

Audit Committee - Tuesday, 30th January 2024 6.00 pm

0 attendees · 21 documents · 0 media files

About

The Audit Committee is a key advisory body accountable to Full Council, providing independent oversight of the council's governance, risk management, and financial reporting. It reviews arrangements for corporate governance, monitors the effectiveness of risk management and internal controls, and oversees financial reporting and annual governance processes.

The committee scrutinises internal and external audit functions, ensuring efficient and effective assurance. It considers reports on financial statements, treasury management, and value for money, and monitors anti-fraud and anti-corruption measures. The committee makes recommendations to Executive or Council on major issues and contraventions, and reports annually to Full Council on its performance and findings.