Queensland Numbered Acts

LOCAL GOVERNMENT ACT 2009 No. 17 - SECT 105

(1) Each local government must establish an efficient and effective internal audit function.

(2) Each large local government must also establish an audit committee.

(3) A large local government is a local government that belongs to a class prescribed under a regulation.

(4) An audit committee is a committee that--

(a) monitors and reviews--

(i) the integrity of financial documents; and

(ii) the internal audit function; and

(iii) the effectiveness and objectivity of the local government's internal auditors; and

(iv) the effectiveness, independence and objectivity of the local government's external auditors; and

(b) makes recommendations to the local government about the appointment of the local government's external auditors; and

(c) makes recommendations to the local government about any matters that the audit committee considers need action or improvement.

(5) This section applies in addition to the requirements of the Financial Accountability Act 2009.