The
Governance, Audit, Risk Management and Standards Committee is a key
component of Barnet Council’s corporate
governance arrangements. It provides an independent and
high-level focus on the audit, assurance and
reporting arrangements that underpin good governance and financial
standards.
The
purpose of the committee is to provide independent assurance to the
members of the adequacy of Barnet
Council’s governance, risk management and control
frameworks and oversees the financial
reporting and annual governance processes.
It
oversees internal audit and external audit, helping to ensure
efficient and effective assurance arrangements are in place. It
also acts as the Standards Committee.
Responsibilities include:
·
Reviewing corporate governance arrangements
·
Risk Management
·
Audit Functions
·
Annual Governance Statement
·
Counter Fraud
·
Statement of Accounts
·
Review Treasury Management Strategy
·
Whistleblowing
·
Corporate Complaints
·
Member Conduct
·
Member Development
Detailed roles and responsibilities of the Governance, Audit,
Risk Management and Standards Committee, including a complete list
of the Committee’s powers and duties) can be found in the
Constitution under Part 2B Terms of Reference of
Committees and the Part 3C
- Committee Procedure
Rules