Independent Audit and Risk Management Committee

Summary about this job

Detail information about job Independent Audit and Risk Management Committee. Terms and conditions vacancy

About the business

Mount Isa City Council has an exciting opportunity for the Chair and 2  independent members  to join our Audit and Risk Management Committee.

Are you a proficient accountant or CPA looking to expand your influence in the local community?

Are you interested in helping to shape our city's future, while gaining valuable skills to develop your career?

About the role

Mount Isa City Council is seeking to appoint suitably qualified persons from the local business community as independent members of the Audit and Risk Management Committee, including in the role of Chair of the Audit and Risk Management Committee.

The Audit and Risk Management Committee is an advisory committee of Council. The Committee has no executive powers, except those expressly provided by the Council.

In carrying out its responsibilities, the Committee must at all times recognise that primary responsibility for management of the Council rests with the Council and the Chief Executive Officer as defined by the Local Government Act 2009.

The responsibilities of the Committee may be revised or expanded by the Council from time to time. A Committee charter has been adopted by Council and sets out the objectives, purpose, authority, independence and access, composition and tenure, roles and responsibilities, responsibilities of members, reporting and administrative arrangements.

Members of the Committee are expected to:

1. understand and observe the legal requirements appropriate to the Council;
2. contribute the time needed to study and understand the papers provided;
3. apply good analytical skills, objectivity and good judgment; and
4. express opinions frankly, ask questions that go to the fundamental core of the issue and pursue independent lines of enquiry.

Reporting

The Committee will, as soon as practicable, after each meeting of the Committee (at least two times per financial year), provide to the Council a written report about the matters reviewed at the meeting and the Committee's recommendations about the matters.

Annually, as close as practical to 30 June, the Committee will provide to the Council a written report summarising the outcome of the Committee's review and recommendations with regard to:

1. the internal audit strategic plan;
2. the internal audit annual plan;
3. the Audit & Risk Management Committee Charter; and
4. the Internal Audit Charter.

The Committee will review and provide to the Council a written report regarding each of the following matters:

1. the internal audit progress report for the internal audit for the preceding financial year including the recommendations in the report and the actions to which the recommendations relate;
2. a draft of the Council's general purpose financial statement for the preceding financial year before the statement is certified and given to the auditor-general for auditing; and
3. the auditor-general's report about the Council's general purpose financial statement for the preceding financial year.

The Committee may, at any time, report to the Council any other matter it deems of sufficient importance to do so.

Benefits and perks

Expressions of interest should include an indication of your required level of remuneration. This should be expressed as an hourly rate exclusive of GST and should indicate how this would be applied to preparation time for meetings and attendance and travel expenses if appropriate.

For any further information, please call the Corporate Governance Officer on (07) 4747 3200.

Skills and experience

To be considered for this key role, please forward your written expression of interest, outlining your qualifications and experience and alignment with the committee responsibilities above, on the attached proforma.

Any personal conflicts of interest should be disclosed as part of your submission.

The term of the appointment is for the remaining term of the current Council including until the 31 July 2020.