- Foreword and Introduction
- 1. Introduction
- 2. The Audit Committee’s functions and responsibilities
- 3. Membership of the Audit Committee
- 4. Relationships with key stakeholders
- 5. Conduct of the Audit Committee
- 6. Assessment of the Audit Committee’s performance
- Part 2
- Part 3
PDF of Checklists And Proforma [0.5MB]
The operation of an Audit Committee will be enhanced by: having an effective Chair; the committee being supported with appropriate secretariat arrangements; meetings being well planned and conducted efficiently; committee members having appropriate access to entity staff and information; and actual and potential conflicts of interest being effectively managed.
Efficiencies can also be achieved in some circumstances if small agencies are able to meet their legal obligations by utilising the members and support services of larger Audit Committees.
In managing Audit Committee activities, it is important for entities to meet all relevant legislative and policy requirements, particularly in relation to the appointment of external members.
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