Isle of Wight Council

Overview and Scrutiny

Audit Committee

The Council’s Audit Committee is made up of 7 elected members plus 1 co-opted member who has been selected for their interest in audit committee business.

The role of the Audit Committee is to look at the Council’s financial and non-financial performance, particularly where there is an increase in the Council's vulnerability to things going wrong. They also need to ensure that if things do go wrong, there are arrangements in place to manage these.

The Audit Committee’s terms of reference can be found in the Council’s Constitution, and include the following:

  • Reviewing summary internal audit reports and the main issues arising, and seeking assurance that action has been taken where necessary.
  • Considering the reports of external audit and inspection agencies.
  • Ensuring that there are effective relationships between external and internal audit, inspection agencies and other relevant bodies, and that the value of the audit process is actively promoted.
  •  Approving the Council’s accounts.