The Finance Lead Specialist (Section 151 Officer) reported that the annual review of the Audit Committee’s effectiveness had been carried out using principles established by the Chartered Institute of Public Finance and Accountancy (CIPFA). The conclusion of the review, was that with the exception of the inclusion of an independent member, the Committee can demonstrate that it has been established in accordance with best practice and that, while operating without an independent member, it has operated effectively during the last year.
No Member having raised any concern when asked by the Chairman, it was
RESOLVED – That:-
(1) The Review of Effectiveness of the Audit Committee and its conclusion that the committee is operating effectively in all material aspects, be approved; and
(2) The skills framework for members of the Audit Committee, as at Appendix 2 to the report, be noted.