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

d

making reports and recommendations to the CCA in relation to reviews conducted under paragraphs (a), (b) and (c).

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).