EOI - Audit Risk & Improvement Committee

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EOI has concluded

An Audit Risk & Improvement Committee (ARIC) plays an important role in strengthening risk management and corporate governance framework and practices within organisations. Lismore City Council is seeking suitably qualified people to fulfil the roles of independent members.

About Our Committee:

Our Committee consists of three independent members (one of whom is the Chair) and two Councillors.

Due to the expected implementation of new mandatory ARIC guidelines by the Office of Local Government, the term of tenure for this Committee will be to 30 June 2024.

The Audit Risk and Improvement Committee will meet a minimum of four and a maximum of five times per year and a fixed fee is paid to the Independent members for preparation and attendance at each meeting.

The Audit Risk and Improvement Committee will operate in accordance and the Audit Risk and Improvement Committee Charter, agreed by Council.

Fees:

The independent member’s positions will be paid a small fee:

The fee payable to other Independent Committee Members is $450 per meeting excl. GST. This fee covers meeting preparation time and attendance. It does not include the cost of travel which will be reimbursed.

Eligibility Requirements

In accordance with the proposed guidelines issued by the Office of Local Government the following eligibility requirements will be considered.

ARIC chairs and independent members cannot:

  • currently be a councillor of any NSW council
  • be a non-voting representative of the board of the joint organisation
  • be a candidate at the last election of the council
  • be a person who has held office in the council during its previous term
  • be currently employed by the council or joint organisation, or been employed during the last 12 months
  • conduct audits of the council on behalf of the Audit Office of NSW
  • have a close personal or business relationship with a councillor or a person who has a senior role in the council that may lead to a real or perceived conflict of interest
  • currently, or within the last three years, provided any material goods or services (including consultancy, legal, internal audit, and advisory services) to the council which directly affect subjects or issues considered by the ARIC
  • be (or have a close family member who is) a substantial shareholder, owner, officer, or employee of a company that has a material business, contractual relationship, direct financial interest or material indirect financial interest with the council or a related entity which could be considered a real or perceived conflict of interest, or
  • currently or have previously acted as an advocate of a material interest on behalf of the council or a related entity which could be considered a real or perceived conflict of interest.
  • Current staff of councils cannot serve as the chair of an ARIC but may serve as an independent member of another council’s ARIC provided they meet the independence and eligibility criteria for membership of the council’s ARIC and their employer is not participating in a shared arrangement with the other council in relation to the ARIC or the internal audit function.

Essential Criteria:

To be considered for this Committee you will need to demonstrate skills & experience across the following criteria:

  • an ability to read and understand financial statements and a capacity to understand the ethical requirements of government (including potential conflicts of interest)
  • functional knowledge in areas such as risk management, performance management, human resources management, internal and external auditing, financial reporting, accounting, management control frameworks, internal financial controls, governance (including planning, reporting and oversight), or business operations
  • a capacity to form independent judgements and willingness to constructively challenge/question management practices and information
  • a professional, ethical approach to the exercise of their duties and the capacity to devote the necessary time and effort to the responsibilities of an independent member of an ARIC, and
  • preparedness to undertake any training on the operation of ARICs recommended by the chair based on their assessment of the skills, knowledge and experience of the independent member.

How to Apply:

To apply for a position on this Committee, please provide a resume with a cover letter addressing the selection criteria and details of two current referees.

Applications may be submitted in the following way:

Addressed to the Governance & Customer Service Manager PO Box 23A, Lismore, NSW 2480;

by email to governance@lismore.nsw.gov.au

In person at our Corporate Office at 43 Oliver Avenue, Goonellabah, NSW 2480.

Applications should be clearly marked "Application for independent membership of Council's Audit Risk & Improvement Committee".

Next Steps:

All applications received as part of the Expression of Interest process will be reviewed based on their merit against the selection criteria. A recommendation around the committee member will be reported to Council for resolution at the Ordinary Meeting on 8 November 2022.

Other Important Information:

Members of the ARIC will be expected to abide by all Councils rules and policies, including the Code of Conduct.

Applications close at 4.30pm on Friday 18 October.

An Audit Risk & Improvement Committee (ARIC) plays an important role in strengthening risk management and corporate governance framework and practices within organisations. Lismore City Council is seeking suitably qualified people to fulfil the roles of independent members.

About Our Committee:

Our Committee consists of three independent members (one of whom is the Chair) and two Councillors.

Due to the expected implementation of new mandatory ARIC guidelines by the Office of Local Government, the term of tenure for this Committee will be to 30 June 2024.

The Audit Risk and Improvement Committee will meet a minimum of four and a maximum of five times per year and a fixed fee is paid to the Independent members for preparation and attendance at each meeting.

The Audit Risk and Improvement Committee will operate in accordance and the Audit Risk and Improvement Committee Charter, agreed by Council.

Fees:

The independent member’s positions will be paid a small fee:

The fee payable to other Independent Committee Members is $450 per meeting excl. GST. This fee covers meeting preparation time and attendance. It does not include the cost of travel which will be reimbursed.

Eligibility Requirements

In accordance with the proposed guidelines issued by the Office of Local Government the following eligibility requirements will be considered.

ARIC chairs and independent members cannot:

  • currently be a councillor of any NSW council
  • be a non-voting representative of the board of the joint organisation
  • be a candidate at the last election of the council
  • be a person who has held office in the council during its previous term
  • be currently employed by the council or joint organisation, or been employed during the last 12 months
  • conduct audits of the council on behalf of the Audit Office of NSW
  • have a close personal or business relationship with a councillor or a person who has a senior role in the council that may lead to a real or perceived conflict of interest
  • currently, or within the last three years, provided any material goods or services (including consultancy, legal, internal audit, and advisory services) to the council which directly affect subjects or issues considered by the ARIC
  • be (or have a close family member who is) a substantial shareholder, owner, officer, or employee of a company that has a material business, contractual relationship, direct financial interest or material indirect financial interest with the council or a related entity which could be considered a real or perceived conflict of interest, or
  • currently or have previously acted as an advocate of a material interest on behalf of the council or a related entity which could be considered a real or perceived conflict of interest.
  • Current staff of councils cannot serve as the chair of an ARIC but may serve as an independent member of another council’s ARIC provided they meet the independence and eligibility criteria for membership of the council’s ARIC and their employer is not participating in a shared arrangement with the other council in relation to the ARIC or the internal audit function.

Essential Criteria:

To be considered for this Committee you will need to demonstrate skills & experience across the following criteria:

  • an ability to read and understand financial statements and a capacity to understand the ethical requirements of government (including potential conflicts of interest)
  • functional knowledge in areas such as risk management, performance management, human resources management, internal and external auditing, financial reporting, accounting, management control frameworks, internal financial controls, governance (including planning, reporting and oversight), or business operations
  • a capacity to form independent judgements and willingness to constructively challenge/question management practices and information
  • a professional, ethical approach to the exercise of their duties and the capacity to devote the necessary time and effort to the responsibilities of an independent member of an ARIC, and
  • preparedness to undertake any training on the operation of ARICs recommended by the chair based on their assessment of the skills, knowledge and experience of the independent member.

How to Apply:

To apply for a position on this Committee, please provide a resume with a cover letter addressing the selection criteria and details of two current referees.

Applications may be submitted in the following way:

Addressed to the Governance & Customer Service Manager PO Box 23A, Lismore, NSW 2480;

by email to governance@lismore.nsw.gov.au

In person at our Corporate Office at 43 Oliver Avenue, Goonellabah, NSW 2480.

Applications should be clearly marked "Application for independent membership of Council's Audit Risk & Improvement Committee".

Next Steps:

All applications received as part of the Expression of Interest process will be reviewed based on their merit against the selection criteria. A recommendation around the committee member will be reported to Council for resolution at the Ordinary Meeting on 8 November 2022.

Other Important Information:

Members of the ARIC will be expected to abide by all Councils rules and policies, including the Code of Conduct.

Applications close at 4.30pm on Friday 18 October.