Local government oversees $121 billion worth of assets and investments on behalf of communities. Council staff and elected members must run councils with the governance skills, financial knowledge and risk management expertise of leading professionals. EquiP offers an audit and risk service that will provide mayors, chairs, chief executives, chief financial officers and senior management with the peace of mind that the right people and processes are in place to effectively monitor and report on audit and risk.
As part of EquiP's audit and risk service, the highly regarded Philip Jones will teach you how best practice risk mitigation and audit practices can help councils effectively oversee and report on the delivery of priority projects to best practice standards within frameworks of excellence.
EquiP has commissioned leading experts to produce the Local Government Audit & Risk Management Guide which explains the duties and challenges of audit and risk committees in plain English, including:
Achieving and maintaining excellence requires diligence, expertise and significant work on a continuing basis. EquiP’s audit and risk service provides the tools that enable councils to effectively implement and oversee best practice to strengthen governance, audit and risk performance and financial reporting, including how to effectively communicate financial performance.
Local Government (Financial Reporting and Prudence) Regulations 2014 sets out benchmark measures and data reporting methods councils are required to implement to report and communicate their financial activities. The Local Government Audit and Risk Management guide provides a starting point in establishing key functions that oversee audit and risk people and processes.
EquiP has carefully selected a team of experts with the proven knowledge of audit and risk processes. We can provide an additional package of services that can be flexibly tailored to:
To learn more about EquiP's Audit & Risk Service, click here.
If you would like a copy of the audit and risk guide, please email EquiP.
Date updated: 21 June 2017