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.
