New Audit, Risk and Improvement Committee to be appointed

Audit and Risk CommitteeA new Audit and Risk Committee for Council will be established.

A new Audit, Risk and Improvement Committee will be appointed by the Central Coast Council following a resolution by Administrator, Mr Ian Reynolds.

Mr Reynolds said the committee’s function would be to “promote effective and efficient service delivery under a framework of openness, transparency and accountability. “The purpose of the committee is to review aspects of Council’s operations, including risk and financial management, fraud control, governance and compliance, and collection of performance measurement data,” Mr Reynolds said.

“The committee will also provide information to assist in continuous improvement of Council functions,” he said. The committee will include three independent external members and two councillors. “The committee will help council achieve its objectives by bringing a systematic, disciplined approach to evaluate the effectiveness of risk management, control and governance processes. “Formation of the committee at this time helps to set strong foundations and will assist in a controlled transition to new arrangements, following the election of the new council in September.

“The committee will hold a three-year tenure, meeting at least four times per year, with meetings to include review and endorsement of annual audited financial reports and external audit opinion. “We will be seeking a diverse skill set of committee members who collectively demonstrate desirable leadership behaviours, and can be a positive force for change and improvement across the organisation.” Council has requested that the CEO undertake an open recruitment process to identify potential independent committee members, with a report on the appointment of these members to return to Council on March 22.

Media release, Jan 24, 2017 Central Coast Council media

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