The Audit & Governance Committee is the Council’s Audit Committee as recommended by the Audit Commission and CIPFA.  The Committee is responsible for monitoring and reviewing the Council’s audit activity, which includes the internal audit strategy and receiving regular reports on audits of specific service areas.  The Committee oversees the Council’s regulatory framework: contracts; financial regulations; and risk management. It also monitors the treasury management strategy, the sign off the accounts and considers the external auditor’s report.

The full terms of reference can be found in Article 8 of the Council’s Constitution:

http://www.reading.gov.uk/media/1338/Constitution-of-The-Council/pdf/Constitution_of_the_Council.pdf