The Audit Committee 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 Audit Committee is to
provide independent assurance to the Council of the adequacy of the
risk management framework and the internal control environment. It
provides independent review of RMBC’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.