- Internal controls and risk management systems
- Audit committee work programs and their construction
- Whistleblowers' policies and procedures
- Internal audit and the Committee deliberations
- External audit and its relationship with the committee
- Dealing with emerging risks

Further, the training will demonstrate how the following documents work together to provide an Audit Committee with the framework to deliver the activities and responsibilities listed above:
- Relevant extracts from the Local Government Act 1999 and associated Financial Regulations
- Example of Audit Committee Terms of Reference
- Example Template of an Audit Committee Work Program

The following training reference material will be used in this session (LGA Information Papers):

• No.  2   - An Overview of Audit Mechanisms
• No.  3   - Audit Committees
• No.  4   - Specifications for External Audit
• No.  5   - Efficiency and Economy Audits
• No. 21 -  Internal Financial Controls
• No. 22 -  Understanding Risk Management
• No. 23 -  Financial Governance

These papers are available on the LGA website and will be provided at the face to face session at the LGA.


Presenter:
Rex Mooney is a Local Government Finance Specialist. He is a Chartered Accountant with over 30 years of experience in the not for profit sector, the last thirteen being spent in the Local Government Sector.
Rex has undertaken numerous projects across many SA & NT based Councils specialising in asset management planning, long-term financial planning, annual business planning & annual budgeting, annual financial statement preparation, budget reviews, financial performance reports, special purpose reporting, Audit Committee membership and management, economic modelling.