The committee provides
independent assurance of the adequacy of the risk management
framework and the associated control environment. It assesses the Authority’s financial and
non-financial performance to the extent that it affects the
Authority’s exposure to risk and weakens the control
environment. The committee also
oversees the financial reporting process and ensures that Members
maintain high standards of probity in their public life by carrying
out investigations in respect to allegations of misconduct by a
Member or co-opted Member.