Audit Risk and Improvement Committee

Expressions of Interest

Ku-ring-gai Council is seeking expressions of interest from suitably qualified and experienced individuals for appointment to the roles of Independent Chairperson and Independent Member on the Audit, Risk and Improvement Committee.

The Audit, Risk and Improvement Committee meets five (5) times per a year and is responsible for providing independent assurance and assistance to Council on financial reporting, risk management, internal controls, governance, and internal and external audit and accountability responsibilities.

Members of the Committee are expected to

  • Understand the relevant legislative and regulatory requirements appropriate to Ku-ring-gai Council;

  • Contribute the time needed to study and understand the papers provided;

  • Apply good analytical skills, objectivity and good judgment;

  • Express opinions frankly, ask questions that go to the fundamental core of issues, and pursue independent lines of enquiry.

Terms

An overview of the terms related to each role is provided below.

   Independent Chairperson  Independent Member
Sitting fee

$1,200 (plus gst) per meeting.

The fees are inclusive of all preparation, travel, out of pocket expenses and attendance at the meeting itself.

$1,000 (plus gst) per meeting.

The fees are inclusive of all preparation, travel, out of pocket expenses and attendance at the meeting itself

 Term  2 years

 1 year

 Reappointment

The external committee members will be eligible for extension or re-appointment following a formal review of their performance.

The maximum number of terms an external member can sit on the committee without the need for further nominations is two (2) terms.

Please refer to the Internal Audit Charter and Audit (pdf. 105KB) and Audit Committee Charter (pdf. 151KB) for further information.

Selection criteria

To be eligible for appointment to role of Independent Chairperson or Independent Member, a person must, at a minimum, demonstrate their ability to meet the following requirements:

1. Demonstrated understanding of the duties and responsibilities of the Audit Committee as outlined in the Audit Committee Charter;
2. Knowledge of and experience in: local government, financial reporting, auditing requirements accounting, legal compliance and risk management;
3. Demonstrated ability to communicate effectively and work in partnership with other stakeholders including, but not limited to, officers of Council;
4. Demonstrated ability to provide flexibility and availability to attend meetings and undertake duties and responsibilities as a member of the Committee;
5. High level of personal integrity and ethics;
6. High level of business and financial literacy.

*Please note: A person is ineligible to be an external member of Council’s Audit Risk and Improvement Committee if:

a. a councillor, or
b. a nominee for election as a councillor, or
c. an administrator, or
d. an employee of a council, or
e. a member of the Commonwealth Parliament or any State Parliament or Territory Assembly, or
f. a nominee for election as a member of the Commonwealth Parliament or any State Parliament or Territory Assembly, or
g. a  person who has a conviction for an indictable offence that is not an expired conviction, or
h. a person who has been a former councillor or employee of Ku-ring-gai Council at any time;
i. a person who is a contractor to Council and/or has business dealings with Council (or has been a contractor and/or had business dealings within the last 5 years); or
j. a person who is employed by an entity that is a contractor to Council and/or has business dealings with Council .

How to apply

Interested applicants should demonstrate their suitability for the role through the provision of a cover letter, selection criteria response, resume (including two referees) and any other supporting documents considered relevant.

Applications to be marked: Confidential – Audit, Risk and Improvement Committee

Closing date: 4.30pm 13 December

Submissions: Email submissions to; kmc@kmc.nsw.gov.au

Contact person: Rod Kidd. rkidd@kmc.nsw.gov.au. Ph. 9424 0839