Committee details

The Audit and Risk Management Committee oversees the City of London Corporation’s systems of internal control and makes recommendations to the Finance Committee relating to the approval of the Annual Statements of Accounts. 

The Committee also oversees audit work undertaken for the City of London Police, Guildhall School of Music and Drama, and the Barbican Centre, as well as the City  of London Corporation’s Risk Management Strategy and anti-fraud and corruption arrangements, to ensure that the City of London Corporation’s risk assurance framework properly reflects the risk environment.   Finally, it considers and approves the Annual Governance Statement which is submitted with the City Fund Annual Statement of Accounts.