Towong Shire Council’s Audit and Risk Committee is established
under Section 53 of the
Government Act 2020
(Vic) to provide a structured, independent
and systematic oversight of Council’s governance, risk management and internal
controls, which includes Council's financial reporting processes, systems
of internal control, audit processes and the monitoring of compliance with
legislation, regulations and the
Councillor Code of Conduct.
Audit and Risk Committee meetings are closed to the public and
minutes are not publicly available. A summary report will be provided to
Council after every meeting and this report is publicly available within
Council meeting papers.
Meetings are held quarterly and consists of four independent
members and one Councillor.