Local Government (Wales) Measure 2011

81 Local authorities to appoint audit committees

(1) A local authority must appoint a committee (an “audit committee”) to—

(a) review and scrutinise the authority’s financial affairs,

(b) make reports and recommendations in relation to the authority’s financial affairs,

(c) review and assess the risk management, internal control and corporate governance arrangements of the authority,

(d) make reports and recommendations to the authority on the adequacy and effectiveness of those arrangements,

(e) oversee the authority’s internal and external audit arrangements, and

(f) review the financial statements prepared by the authority.

(2) A local authority may confer on its audit committee such other functions as the authority considers suitable to be exercised by such a committee.

(3) It is for an audit committee to determine how to exercise its functions.