Schedules
Schedule 1Combined county authorities: overview and scrutiny committees and audit committee
I14Audit committees
1
A CCA must arrange for the appointment by the CCA of an audit committee.
2
The functions of the audit committee are to include—
a
reviewing and scrutinising the CCA’s financial affairs,
b
reviewing and assessing the CCA’s risk management, internal control and corporate governance arrangements,
c
reviewing and assessing the economy, efficiency and effectiveness with which resources have been used in discharging the CCA’s functions, and
3
The Secretary of State may by regulations make provision about—
a
the membership of a CCA’s audit committee;
b
the appointment of the members;
c
the payment of allowances to members of the committee who are members of a constituent council.
4
Provision must be made under sub-paragraph (3) so as to ensure that at least one member of an audit committee is an independent person (as defined by the regulations).