Audit and Risk Committee

The Audit and Risk Committee is established under section 53 of the Local Government Act 2020 (Act).

The role of the Audit and Risk Committee is to provide independent and objective assurance and assistance to the Yarra City Council and its Chief Executive Officer on Council’s risk management, control and compliance framework, and its external financial and performance accountability and responsibilities. In addition, the Committee provides advice to Council that will assist Council in fulfilling its corporate governance and oversight responsibilities.

What does the committee do?

The Committee is required under the Act to:

  • monitor the compliance of Council policies and procedures with the overarching governance principles;
  • monitor the compliance of Council policies and procedures with the Act, its regulations and any Ministerial directions;
  • monitor Council financial and performance reporting;
  • monitor and provide advice on risk management and fraud prevention systems and controls; and
  • oversee internal and external audit functions.

Who are the committee members?

The following Councillors were appointed to the Committee for 2024:

In addition, there are three independent members, appointed on the basis of their expertise in financial management and risk, and their experience in public sector management. These independent members are:

  • David Ashmore
  • Kylie Maher
  • Lisa Tripodi

The Committee is assisted by two audit firms:

  • HLB Mann Judd (appointed by Council as the internal auditor)
  • RSD Audit (appointed by the Victorian Auditor-General as the external auditor)

Terms of reference

You can download the Audit and Risk Committee Charter.

Minutes and Biannual Reports

Minutes of meetings of the Audit and Risk Committee are available for download below.

In addition to meeting minutes, biannual reports providing an overview of the matters considered by the Committee are presented to the Council twice each year. You can download copies of the Audit and Risk Committee Biannual Activity Reports below.

Further reports are uploaded to this page as they become available.