Appendix: Sample Audit and Risk Committee work programme
Setting up a council’s Audit and Risk Committee.
| Audit and Risk Committee Forward work programme 20XX-20XX |
|---|
| This Audit and Risk Committee (the Committee) assists and advises the Governing Body in discharging its responsibility and ownership of governance, risk management and internal control across the council. Responsibilities include reviewing and advising on enterprise risks, health and safety, legal risks, insurance, internal audit and external audit. The Committee monitors compliance, risk management in significant projects and programmes of work and procurements and has oversight of risk management and assurance of CCOs, financial and non- financial reporting, the preparation of the long-term Plan, annual report, and other statutory financial reports. |
| Areas of work and lead | Expected reporting 20XX (dates TBC) | ||||
|---|---|---|---|---|---|
| Meeting 1 date | Meeting 2 date | Meeting 3 date | Meeting 4 date | Meeting 5 date |
|
| Forward work programme (for example, lead officer) |
Update on overall work programme and previous decisions | Update on overall work programme and previous decisions | Update on overall work programme and previous decisions | Update on overall work programme, and the Committee’s annual performance report | Update on overall work programme and previous decisions |
| Enterprise risks (for example, Risk team) |
Enterprise risk update | Enterprise risk update | Enterprise risk update | ||
| Oversight of CCO Risk (for example, Risk officer) |
CCO quarterly risk report Attendance by CCO |
CCO quarterly risk report Attendance by CCO |
CCO quarterly risk report Attendance by CCO |
CCO annual report on risk (matters raised through annual audit) Attendance by CCO |
CCO quarterly risk report Attendance by CCO |
| Health, safety, and well-being (for example, Head of Health, Safety, and Well-being) |
Health, safety, and well-being update | Health, safety, and well-being update | Health, safety, and well-being update | Health, safety, and well-being update | |
| Legal risks (for example, General Counsel) |
Legal risk update | Legal risk update | |||
| Insurance (for example, Manager of insurance) |
Update on insurance | Indicative insurance renewal report | Update to Committee post placement of insurance programme | ||
| Assurance and internal audit (for example, Internal Auditor) |
Assurance service strategy and audit programme reporting Assurance activities update |
Assurance charter and interim audit plan | Assurance activities update | Assurance charter and audit plan for the upcoming year | |
| Annual report (for example, CFO) |
This year’s annual report arrangements | Annual report update Proforma annual report |
Annual report update Audit NZ interim audit management report |
Annual report | Upcoming audit engagement and proposal letters, next year’s arrangements, and final audit management report |
| Annual budget (for example, CFO) |
Risk management approach for the annual budget | ||||
| Long-term Plan (for example, CFO) |
Next year’s draft annual plan | ||||
| External audit Office of the Auditor-General |
Briefing paper | Briefing paper | Briefing paper | Briefing paper | Briefing paper |