The Committee received the Internal Audit report into Corporate Governance, which focussed on risk management, the Annual Governance Statement, and the revised committee structure. Members discussed the revised committee structure and the recommendation that the effectiveness of the Audit Committee be reviewed with a view to delegating some council decisions prior to the planned annual review. In response to members’ questions, it was explained that decisions delegated would include the financial statement, and it was clarified that the Audit Committee reported to Council. It was agreed that the future direction of the committee be discussed at the next meeting.
RESOLVED – the audit report be noted and a report on the effectiveness and direction of the Audit Committee be brought to a future meeting.