Tender Advertisement #1557823
Audit, Risk & Improvement Committee
Location

Closing

Tender Details
Expressions of interest - Independent Members of the Audit, Risk and Improvement Committee
The City is seeking suitably qualified individuals to serve as independent members of its Audit, Risk and Improvement Committee.
Applications will be considered for the Presiding Member and Deputy Presiding Member positions on the committee, which will be established following the 18 October 2025 Local Government Election.
Committee Objective and Structure
The Audit, Risk and Improvement Committee supports Council to fulfil its responsibility for oversight of the City’s financial management, risk management, and assurance functions, including:
• Recommending the adoption of a three-year Strategic Internal Audit Plan, and appointment of the City’s internal auditor;
• Reviewing external and internal audit reports and monitoring the implementation of recommendations;
• Meeting with the City’s external auditors to review their activities;
• Monitoring implementation of the City’s Risk Management Framework and recommending opportunities to mature the City’s risk practices;
• Considering specific risks referred to it from Council.
The Committee is comprised of three (3) elected members of Council, and two (2) independent members, meeting at least three times per year at the City of Subiaco.
Each meeting runs for approximately two hours.
Position Details
The Presiding Member and Deputy Presiding Member are remunerated positions in accordance with the Salaries and Allowances Tribunal determination. Both roles will receive a meeting fee of $450 per meeting attended, as adopted by Council.
Independent members of the Audit, Risk and Improvement Committee may also be eligible for reimbursement of expenses in connection to the role.
Appointments are offered on a two-year term or until the next ordinary local government election.
Eligibility Criteria
Applicants are required to meet the below criteria:
• Be independent from the City’s decision making and operating activities
• Demonstrated experience at a senior level in
o financial management
o external audit and assurance
o corporate risk management
o internal control frameworks, and/or
o corporate compliance.
• Understanding of public sector transparency and accountability principles and practices
• Experience chairing governing body or committee meetings.
The City is seeking suitably qualified individuals to serve as independent members of its Audit, Risk and Improvement Committee.
Applications will be considered for the Presiding Member and Deputy Presiding Member positions on the committee, which will be established following the 18 October 2025 Local Government Election.
Committee Objective and Structure
The Audit, Risk and Improvement Committee supports Council to fulfil its responsibility for oversight of the City’s financial management, risk management, and assurance functions, including:
• Recommending the adoption of a three-year Strategic Internal Audit Plan, and appointment of the City’s internal auditor;
• Reviewing external and internal audit reports and monitoring the implementation of recommendations;
• Meeting with the City’s external auditors to review their activities;
• Monitoring implementation of the City’s Risk Management Framework and recommending opportunities to mature the City’s risk practices;
• Considering specific risks referred to it from Council.
The Committee is comprised of three (3) elected members of Council, and two (2) independent members, meeting at least three times per year at the City of Subiaco.
Each meeting runs for approximately two hours.
Position Details
The Presiding Member and Deputy Presiding Member are remunerated positions in accordance with the Salaries and Allowances Tribunal determination. Both roles will receive a meeting fee of $450 per meeting attended, as adopted by Council.
Independent members of the Audit, Risk and Improvement Committee may also be eligible for reimbursement of expenses in connection to the role.
Appointments are offered on a two-year term or until the next ordinary local government election.
Eligibility Criteria
Applicants are required to meet the below criteria:
• Be independent from the City’s decision making and operating activities
• Demonstrated experience at a senior level in
o financial management
o external audit and assurance
o corporate risk management
o internal control frameworks, and/or
o corporate compliance.
• Understanding of public sector transparency and accountability principles and practices
• Experience chairing governing body or committee meetings.
This information is not guaranteed to be accurate or complete. Please confirm all details with the Tendering Firm before responding.