The latest issue of Audit Committee Update includes a summary of the key changes to CIPFA's Position Statement and guidance on audit committees.
The Position Statement and the publication contain CIPFA's recommendations on the structure, core functions and membership of the committee and practical support for the members of the committee. The briefing highlights the main changes, including the role of the committee in relation to external audit and collaborative arrangements.
Also included is a round-up of new consultations, guidance and reports that are relevant to audit committee agenda items. Regular briefings and access to guidance are important aspects of building an effective audit committee.