Expressions of Interest Appointment of Two Independent Audit and Risk Committee Members

⁠⁠⁠E084/2016 Expressions of Interest are invited for Nominations for the appointment of two external independent members to the Tamworth Regional Council Audit and Risk Committee

Council is calling for Expressions of Interest from suitably qualified individuals for appointment as an external independent member to the Tamworth Regional Council Audit and Risk Committee.

The Audit and Risk Committee is a key component of Council's governance framework. The Committee will be responsible for assisting Council to fulfil its governance and oversight responsibilities. The primary duties and responsibilities of the Audit and Risk Committee are to assist Council to discharge its responsibilities in relation to:
a) The financial reporting process;
b) Business ethics, policies and practices;
c) Monitoring the integrity of Council's financial reporting practices and finance and accounting compliance;
d) Monitoring internal and external audit outcomes;
e) Management of internal controls;
f) Risk treatment and mitigation;
g) Encouraging continuous improvement of Council's systems and practices;
h) Fraud management;
i) Adoption of the Internal Audit Plan; and
j) Council's process for monitoring compliance with policies, laws and regulations and the Code of Conduct.

The Audit Committee is comprised of five members: three independent external members, one of whom will be the Chairperson; the Mayor of the day; and one other Councillor. To facilitate the succession of two existing independent members of the Committee, Council is seeking one member to commence at the 2 August Audit and Risk Committee meeting and one to commence at the 14 February 2017 Audit and Risk Committee meeting. Audit and Risk Committee members are expected to understand the relevant legislative and regulatory requirements, contribute the time needed to study and understand the papers involved, apply analytical skills, objectivity and sound judgement, and express opinions frankly, ask questions and pursue independent lines of enquiry. At least one member shall possess knowledge of accounting, legal, regulatory or audit requirements.

The Committee will meet at least four times a year and is a formally appointed Committee of Council. The initial appointment will be for a two year term.

To submit a nomination for appointment to the Audit and Risk Committee, obtain the Audit and Risk Committee Charter and complete the nomination available from:
Website: www.tamworth.nsw.gov.au
In Person: Customer Service, 474 Peel Street, Tamworth By Telephone: 1300 733 625.

Completed Nomination Forms should be lodged at Council no later than Tuesday 14 June 2016, at 11.00am via:
Website: the following address (please click here)

Hard Copy: In an envelope marked "E084/2016 Confidential Nomination for Audit and Risk Committee".

Enquiries should be directed to Karen Litchfield, Manager Governance on (02) 6767 5514. Council's Code of Conduct must be strictly adhered to.