The Finance, Audit and Risk Committee (known
as FAR) plays a vital role in overseeing the governance of the
Council. The Scope of the Committee is wide and varied, but the
main focus is on making sure the Council
has the processes in place to enable it to be run effectively.
In its own right,
it carries out the statutory role of approving the
Council’s accounts and Annual Governance Statement. It also
keeps track of all the work that is being carried out by Internal
Audit, the Anti-Fraud service and the
Council’s External Auditors- all with a focus on making sure
things are done in the right way.
It also supports Cabinet in reviewing finance
reports and ensuring we have processes in place to manage risk.