3 & 5 Status report on progress against previous audit Review and ToR findings provide feedback 2 LGA significant accounting policies Review and ToR provide feedback 4.14 Finalise preparation for the joint Provide input Committee’s ToR workshop with the Board on 17 August. Topic for the workshop is financial sustainability; risk appetite; LGA risk profile Thursday 17 August 2017 Charter Topic Action / ToR Ref 4.14 Joint workshop with the Board financial Participate, – ToR sustainability; risk appetite; LGA risk profile discuss Tuesday, 19 September 2017 Charter Topic Action / ToR Ref Business Arising / Action Statement Note 4.5 Governance Review Update Note and provide Charter feedback 4 Schemes Review Update confidential item Note and provide – ToR feedback 3 Review progress against risk profile, internal audit and Review and ToR controls improvement plan. Consider scope of future provide feedback internal audits 3 & 5 Status report on progress against previous audit Review and ToR findings provide feedback 4.12 Meet with external auditor without management Discuss and Charter present. Confirm approach and accountability of receive feedback management in the audit process 2 & 4 Review the 2016/2017 financial statements to Review and LGA’s ToR ensure they present fairly the state of affairs of the recommend LGA including a focus on accounting policies and adoption by the practices; accounting estimates; adjustment arising Board from the audit process; variances from prior years; management’s representations; auditors summary management report 4.19 Audit Committee annual report to the Board Review and refer
3 & 5 ToR Status report on progress against previous audit findings Review and provide feedback 2 ToR LGA significant accounting policies Review and provide feedback 4.14 ToR Finalise preparation for the Committee’s joint workshop with the Board on 17 August. Topic for the workshop is financial sustainability; risk appetite; LGA risk profile Provide input Thursday 17 August 2017 Charter / ToR Ref Topic Action 4.14 ToR Joint workshop with the Board – financial sustainability; risk appetite; LGA risk profile Participate, discuss Tuesday, 19 September 2017 Charter / ToR Ref Topic Action Business Arising / Action Statement Note 4.5 Charter Governance Review Update Note and provide feedback 4 ToR Schemes Review Update – confidential item Note and provide feedback 3 ToR Review progress against risk profile, internal audit and controls improvement plan. Consider scope of future internal audits Review and provide feedback 3 & 5 ToR Status report on progress against previous audit findings Review and provide feedback 4.12 Charter Meet with external auditor without management present. Confirm approach and accountability of management in the audit process Discuss and receive feedback 2 & 4 ToR Review the LGA’s 2016/2017 financial statements to ensure they present fairly the state of affairs of the LGA including a focus on accounting policies and practices; accounting estimates; adjustment arising from the audit process; variances from prior years; management’s representations; auditors summary management report Review and recommend adoption by the Board 4.19 Audit Committee annual report to the Board Review and refer