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.