Audit
Committee meets about 4 times a year.
It is responsible for the following –
·
Approving the annual financial statement and
receiving the external auditor’s opinion;
·
Considering the reports from external inspection
agencies;
·
Receiving the annual Ombudsman’s
letter;
·
Use of resources;
·
Treasury Management;
·
Corporate Governance;
·
Receiving reports on Freedom of Information
requests;
·
Approving the internal audit strategy;
·
Reviewing the annual internal audit
report;
·
Anti fraud and corruption policies;
·
Risk Management arrangements.