The Senedd Commission
Audit and Risk Assurance Committee acts in an advisory capacity and has no
executive powers. The
Terms of Reference are consistent
with Treasury guidance and are reviewed by the Committee from time to time. The
Terms of Reference for the Audit and Risk Assurance Committee say:
The role of the Committee
is to provide advice, challenge and support to the Chief Executive and Clerk of
the Senedd in respect of her Accounting Officer responsibilities, as well as
providing assurance to the Commission. These responsibilities include a
requirement to ensure that public money is spent in a regular and proper manner
and that value for money is secured in the use of resources. The Accounting
Officer is also required to ensure that sound corporate governance arrangements
are in place and that effective internal controls are operating to ensure that
risks are properly identified and managed.
In fulfilling its role,
the Audit and Risk Assurance Committee examines and provides assurance on:
·
the
annual report and accounts;
·
the planned activity and results of
internal and external audit;
·
the adequacy of the management
response to issues identified by internal and external audit;
·
the Commission’s corporate governance and risk management
arrangements including the Governance Statement; and
·
counter-fraud
policies, whistle-blowing processes, and arrangements for special
investigations.
Additional Documents
·
Annual Reports
·
Forward Work Programme
·
Internal
Audit Plan