review and consider the major findings of internal audit investigations and reports, and consider the appropriateness of the associated responses from management receive the Annual Internal Audit report relating to the previous year review and, subject to any amendments required, commend the Annual Statements to the taking particular note of Accounting Standards, accounting policies, major areas of judgement, and any significant areas of adjustment resulting from the audit consider the annual management letter from the external auditor and make recommendations to the Board in respect of the external auditor’s principal matters of concern confirm to the Board that there are no outstanding matters of disagreement between the staff and the external auditor oversee and monitor the organisation’s policies and procedures for Counter Fraud strategy and annual plan monitor compliance and review and advise on amendments to Standing Orders, Standing Financial Instructions and Scheme of Delegation monitor and review the organisation’s value for money programme report to the Board annually on its work in support of the Annual Governance Statement , specifically commenting on the fitness for purpose of the Assurance Framework, the completeness and embeddedness of risk management in the organisation, the integration of governance arrangements and the appropriateness of the self assessment against the standards of the Care Quality Commission. review and consider the Annual Reports and assurances provided by the Governance and Risk Management Committee, and the underlying assurance processes overseen by that Committee, that together indicate the extent to which the organisation’s objectives are being achieved review the findings of other significant assurance functions, both internal and external to the organisation, and consider the implications for the governance of the organisation review and advise on the effectiveness of policies and procedures for ensuring compliance with the relevant regulatory, legal and code of conduct requirements review the work of the Audit Committee and the Committee’s own effectiveness in meeting its Terms of Reference on an annual basis review arrangements by which staff may, in confidence, raise concerns about potential serious wrong-doing or malpractice. The objective is to ensure that arrangements are in place for the proportionate and independent investigation of such matters and for appropriate follow-up action review schedules of losses and compensations and make recommendations to the Board review schedules of debtors/creditors balances over £5,000 and more than six months old and explanations/action plans Undertake the selection and appointment of a local External Auditor.
review and consider the major findings of internal audit investigations and reports, and consider the appropriateness of the associated responses from management receive the Annual Internal Audit report relating to the previous year review and, subject to any amendments required, commend the Annual Statements to the taking particular note of Accounting Standards, accounting policies, major areas of judgement, and any significant areas of adjustment resulting from the audit consider the annual management letter from the external auditor and make recommendations to the Board in respect of the external auditor’s principal matters of concern confirm to the Board that there are no outstanding matters of disagreement between the staff and the external auditor oversee and monitor the organisation’s policies and procedures for Counter Fraud strategy and annual plan monitor compliance and review and advise on amendments to Standing Orders, Standing Financial Instructions and Scheme of Delegation monitor and review the organisation’s value for money programme report to the Board annually on its work in support of the Annual Governance Statement , specifically commenting on the fitness for purpose of the Assurance Framework, the completeness and embeddedness of risk management in the organisation, the integration of governance arrangements and the appropriateness of the self assessment against the standards of the Care Quality Commission. review and consider the Annual Reports and assurances provided by the Governance and Risk Management Committee, and the underlying assurance processes overseen by that Committee, that together indicate the extent to which the organisation’s objectives are being achieved review the findings of other significant assurance functions, both internal and external to the organisation, and consider the implications for the governance of the organisation review and advise on the effectiveness of policies and procedures for ensuring compliance with the relevant regulatory, legal and code of conduct requirements review the work of the Audit Committee and the Committee’s own effectiveness in meeting its Terms of Reference on an annual basis review arrangements by which staff may, in confidence, raise concerns about potential serious wrong-doing or malpractice. The objective is to ensure that arrangements are in place for the proportionate and independent investigation of such matters and for appropriate follow-up action review schedules of losses and compensations and make recommendations to the Board review schedules of debtors/creditors balances over £5,000 and more than six months old and explanations/action plans Undertake the selection and appointment of a local External Auditor.
Terms%20of%20Reference%20-%20Audit%20Committee%20-%20Amended%20by%20Trust%20Board%20on%2018%20July%202016.docx