RECOMMENDED: 1) That the updated Terms of Reference for the Audit Committee be adopted.
2) These terms of reference replace the current Terms of Reference in Part 3 of the Constitution and SO29 be amended to include reference to up to 2 Independent co-opted Members.
Reason for Decision
To enable the Audit Committee to continue to fulfil its role as required by the Accounts and Audit Regulations 2015 and in accordance with the latest guidelines provided by CIPFA.