Support for Audit Committees

Audit Committees help organisations function according to good governance and accounting and auditing standards, and adopt appropriate risk management arrangements. We regard well functioning Audit Committees as key to helping organisations achieve good corporate governance.

We have developed a range of guidance and tools to assist public sector Audit Committees. The first Audit Committee toolkit was well received, culminating in the NAO project team winning the 2004 Chartered Institute of Public Finance and Accountancy award for innovation and excellence in auditing. We have revised that toolkit to reflect the Treasury’s new Audit Committee Handbook (March 2007).
 

Our self-assessment checklist for Audit Committees

• Audit Committee Self Assessment Checklist

Audit Committees can assess their performance against best practice using the checklist. We can help Committees by facilitating a workshop to assess performance. To arrange for a workshop please contact your client director in the NAO in the first instance or email Z5-FMGP@nao.gsi.gov.uk and the team will pass on your enquiry.
 

Our good practice for helping your Audit Committee to add value

In addition, we have pulled together practical top tips for Audit Committees from the good practice shared in facilitated, syndicated based workshops in the past and from other meetings with non-executive directors.

• Helping your Audit Committee to add value
   

These pages were last updated on: 03 March 2008