Corporate governance has become increasingly important in the working of local authorities and is essential for effective control and accounting.
The Authority has in place a system based on a framework of standing orders, financial regulations and administrative controls including codes of conduct and administrative policies and procedures. All administrative controls and financial instructions are reviewed on a regular basis by the Authority’s management and Internal Audit.
The Authority has delegated the power to monitor and approve all governance matters to its Audit and Governance Committee. Its main functions include:
- The consideration and approval of the annual accounts.
- The consideration of all internal control arrangements.
- The consideration of all audit matters
- The consideration of all constitutional matters.