Issue 30 provides an overview of CIPFA's new Financial Management Code. It outlines the key principles and identifies the role of the audit committee in supporting the implementation of the code.
There is also a briefing looking at how audit committees respond to auditor recommendations, any issue raised by the Redmond Review into local audit and financial reporting arrangements in England. CIPFA has responded to the review and has identified ways that audit committee arrangements could be strengthened. The article highlights these areas from the response.
Each issue of Audit Committee Update includes a round-up of recent reports, guidance and regulations that are relevant to the work of audit committees. It is a useful resource to brief audit committee members, enabling them to undertake their work more effectively.