Council Audits Council Audits

Audit and financial controls

An Audit Committee and other controls ensure Council delivers effective and responsible financial management.

Audit Committee

Council's Audit Committee oversees and monitors the effectiveness of Council in carrying out its responsibilities for:

  • accountable financial management
  • good corporate governance
  • maintaining a system of internal controls
  • risk management
  • fostering an ethical environment.

The Audit Committee meets twice a year and reports to Council as an Advisory Committee of Council.

The Audit Committee comprises one Councillor and three independent members. Members of the audit committee are:

Councillor members:
Mr. Desmond Tayley - Mayor

Independent members:

Mr. Colin Duffy

Mr. David Grugeon

Mr. Martin Cookson

The Chief Executive Officer may attend all meetings, and internal auditors will be invited to attend all meetings except in situations where the Chairperson deems such attendance inappropriate.External Auditors may also be invited to attend any Audit Committee meeting at the discretion of the Chairperson.

Matters commonly discussed at the Audit Committee meetings include:

  • internal and external audit reports
  • implementation status of audit recommendations
  • financial statements
  • internal audit performance data
  • updates from the Fraud Control Group and Risk Executive Group
  • reports relating to governance, legislative compliance and information technology
  • other reports from Council officers.

Internal audit

Council's internal audit services are provided by an in-house Internal Auditor, supplemented by Partners and Business external provider. This allows us to deliver a comprehensive Internal Audit Plan in a flexible and cost effective manner, with access to specialist resources as required.

The annual Internal Audit Plan was developed – with consideration of Council's risk register and through consultation with management – to direct audit resources to areas of greatest risk. The Internal Audit Plan is reviewed by the Audit Committee and approved by Council, with plan execution and follow up of report findings monitored by the Audit Committee twice a year.

Fraud and corruption control

Council's adopted Fraud and Corruption Control Policy aims to minimise departmental risks related to fraud and corruption. It also aims to minimise risks of significant fines or non-monetary sanctions for non-compliance with laws and regulations.

Council Audits for Wujal Wujal Shire can be viewed in the Annual Financial Statement

 

2014/15 Annual Financial Statement are still currently being Audited