The Council has a
number of strategies in place to regulate its activities and
demonstrate the robustness of its governance arrangements. One of
the functions of the Audit and Governance Committee is to take a
view on whether these strategies have been properly formulated and
remain effective, in order to provide independent assurance to the
Council on the adequacy of the internal control and risk management
frameworks. The areas covered include:
(a) the assurance
framework including the production of the annual Statement on
Internal Control;
(b) the local Code of
Corporate Governance, incorporating risk management, internal
control, standards of conduct and accountability, excluding matters
within the terms of reference of the Standards
Committee;
(c) the review of
corporate arrangements in place for ensuring Value for
Money;
(d) to ensure that
anti-fraud arrangements are in place; and
(e) to receive a summary
report annually on anti-fraud measures and prosecutions.