Audit Committee

The Council will be forming an Audit Committee in the near future.

Under the Northern Territory Local Government (Accounting) Regulations there is a mandated requirement for Council to establish and maintain an Audit Committee.

The Audit Committee is established to assist the Chief Executive Officer and the Council to ensure that an effective internal control and risk management frameworks exists across Councils operations in order to facilitate Corporate Governance best practice. 

The scope of the Audit Committee includes, but is not limited to the following:

  • Oversight of compliance with statutory responsibilities and Council policies
  • Assessment of internal financial accounting and management controls
  • Review of risk management strategies and initiatives
  • Adequacy of audit scope and coverage
  • Monitoring the effectiveness and efficiency of internal and external audit
  • Management response and timeliness of action taken to correct audit findings

Audit Committee Terms of Reference

Audit Committee members: