Audit & Risk Committee

Purpose

The Audit and Risk Committee serves as an independent forum where Council representatives, independent specialists, and management collaborate to fulfil specific governance responsibilities outlined in the Committee’s Terms of Reference.

This internal governance function aims to enhance the organisation’s performance, playing a crucial role in helping the Council fulfil its governance and oversight duties. These responsibilities include:

• Financial reporting
• Internal control systems
• Risk management
• Legal and regulatory compliance
• Audit functions

Operating solely in an advisory capacity, the Audit and Risk Committee ensures regular communication with the Council regarding its activities. Importantly, the Committee’s role does not diminish the responsibilities of management or individual Councillors.

As part of the Council’s commitment to advancing local government practices, the Terms of Reference include an obligation for the committee to progressively develop its skills.

Related Documents

• Audit and Risk Committee Terms of Reference (PDF, 586.4 KB)
• Audit and Risk Committee Policy (PDF, 539.2 KB)

Membership

The Audit and Risk Committee comprises two Council-nominated Councillors and up to two external members, including the Independent Chair. Pursuant to the Local Government Regulation 2012(Qld), at least one committee member must have significant experience and skills in financial matters.

Current Membership:

Council has determined that an ‘alternate’ member may be appointed to the Committee. An alternate member of a Committee is a person who attends meetings of the Committee and acts as a member of the Committee only if another member of the Committee is absent from the meeting of the Committee.

Council's nominated alternate member is to be advised.