210
CurrentAudit committee composition
Chapter 5Financial planning and accountability
Part 11Auditing
Division 1Internal audit function
Subdivision 2Audit committee
210 Audit committee composition
(1)
The audit committee of a local government must—
(a)
consist of at least 3 and no more than 6 members; and
(b)
include—
(i)
1, but no more than 2, councillors appointed by the local government; and
(ii)
at least 1 member who has significant experience and skills in financial matters.
(2)
The chief executive officer can not be a member of the audit committee but can attend meetings of the committee.
(3)
The local government must appoint 1 of the members of the audit committee as chairperson.
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