Audit Committee
An Audit Committee was an advisory committee established by a Council under Section 139 of the Victorian Local Government Act 1989 to:
- focus on issues relevant to the integrity of the Council’s financial reporting
- monitor risk management systems, internal control framework, compliance and internal audit activities
- liaise between external auditors, internal auditors and management.
The new
Local Government Act requires that an
Audit and Risk Committee to be set up.
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