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.
As part of the range of guidance and tools that we have developed to assist public sector Audit Committees 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.
The booklet was updated in January 2012 to reflect the requirement for departments, their executive agencies and arm’s-length bodies to produce a Governance Statement in place of the Statement on Internal Control in their annual report and accounts for 2011-12 onwards.
1 January 2012