Date: 5 January 2016, 10.30am Venue: 169 Union Street, London SE1 0LL Agenda Minutes Audit Committee 9 Sept 2015 Finance Reports Aug – Nov 2015 Risk Register LWARB Internal Audit…
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Audit Committee
Membership
The London Waste and Recycling Board has appointed the following members to sit on its Audit Committee from October 2012.
- Cllr Bassam Mahfouz – Chair
- Cllr Ian Wingfield
- Barbara Anderson
- Cllr Guy Senior
- + 1 Vacancy
Responsibilities
The Audit Committee’s main roles are:
- To ensure the existence of financial systems, processes and procedures to maintain financial probity and control over the activities of the Board;
- To liaise with the external auditors over their annual programme and to approve the annual internal audit programme;
- To deal as appropriate with matters raised by the external auditors management letters and reports;
- To deal as appropriate with matters arising from the internal auditors’ reports;
- To review, approve and recommend for signature the annual report and accounts of the Board;
- To review the Board’s risk register and ensure that satisfactory actions are being taken to mitigate identified risks;
- To monitor administrative expenditure against budget.
The Audit Committee’s role is combined with that of a Finance Committee and a Remuneration and Staffing Committee.
This will include:
- Review the Chief Financial Officer’s reports on the financial performance of the Board;
- Reviewing routine financial and administrative matters on behalf of the Board;
- Overseeing the establishment and implementation of the Board’s Pay Policy;
- Approving any changes in the Board’s staff structure.
Audit Committee Terms of Reference
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