The South Bank Corporation Audit Committee provides advice to Board members to assist in the effective discharge of the responsibilities prescribed in the South Bank Corporation Act 1989, Financial Accountability Act 2009, the Financial and Performance Management Standard 2009 and other relevant legislation and prescribed requirements.
The South Bank Corporation Audit Committee:
- Advises on internal control processes, including business risk and appropriate standards for the management of the Corporation,
- Ensures the quality and reliability of the financial information prepared; working in conjunction with both internal and external auditors, and
- Reviews and confirms that all services provided by auditors are consistent with maintaining independence.
The members of the Audit Committee are: Graham Carpenter (Chairman) and Patrick Vidgen.
Internal and external auditors, the Chief Executive Officer, the Chief Financial Officer and others are invited to meetings at the discretion of the Committee.