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