Issue - meetings

Committee is asked to:

1.     Consider and endorse the findings of the assessment of effectiveness of Audit Committee (Appendix A);

2.     Develop a plan to identify opportunities to improve and strengthen the work of the Audit Committee (Appendix B); and

3.     Agree the revised Terms of Reference for Audit Committee (Appendix C) for consideration by the Committee System Working Group.

The Committee received the report from the Chief Finance Officer presenting the findings of the review of effectiveness of the Audit Committee carried out during July – September 2025.

Findings from the review were divided into 4 sections as follows and outlined to the Committee:

·         Terms of reference

·         Committee membership and structure

·         Audit Committee management

·         Audit Committee impact and influence

The Committee resolved to:

1.    Endorse the findings of the assessment of the effectiveness of the Audit Committee (Appendix 1);

2.    Develop a plan to identify opportunities to improve and strengthen the work of the Audit Committee (Appendix B); and

3.    Agree the revised Terms of Reference for Audit Committee (Appendix C) for consideration by the Committee System Working Group.