BOARD OF TRUSTEES AUDIT COMMITTEE

The Board of Trustees’ Audit Committee has delegated responsibilities as listed below.

 

Membership of the Audit Committee

The current members of the committee are:

Peter McPartland OBE (Chair)
Lili Long
Alex Cameron

 

Responsibilities of the Audit Committee

External Audit

1     To consider the appointment of the external auditor and assess independence of the external auditor, ensuring that key audit personnel are rotated at appropriate intervals.

2     To recommend the audit fees to the Trust Board and to ensure that the provision of any non-audit services does not impair the external auditors’ independence or objectivity.

3     To oversee the process for selecting the external auditor and make appropriate recommendations through the Trust Board to the members of the Trust to consider at any general meeting where the accounts are laid before members.

4     To discuss with the external auditor the nature and scope of each forthcoming audit and to ensure that the external auditor receives the fullest co-operation.

5     To review the external auditor’s annual management letter and all other reports and recommendations, together with the appropriateness of management’s response.

6     To review the performance of the external auditor on an annual basis.

7    To recommend to the Trust Board the appointment / re-appointment of the external auditor.

8    To review and consider the circumstances surrounding any resignation or dismissal of the external auditor.

Internal Controls Evaluation

9     To review the Internal Controls Evaluation programme and ensure that the Internal Controls Evaluation function is adequately resourced and has appropriate standing within the Trust.

10     To review the performance of the Internal Controls Evaluation auditor on an annual basis.

11     To recommend to the Trust Board the appointment / re-appointment of the Internal Controls Evaluation auditor

12     To review the reports and recommendations of the Internal Controls Evaluation programme of internal audits, together with the appropriateness of management’s response.

13     To monitor the implementation of action agreed by management in response to reports from the external auditor and Internal Controls Evaluation programme of internal audits.

General

14     To review or investigate any other matters referred to the Committee by the Trust Board.

15     To draw any significant recommendations and matters of concern to the attention of the Trust Board.