Audit Committee

Role: The Audit Committee’s role is to provide reassurance to the Trustees that the Institution, including its trading subsidiaries, is being operated in accordance with best practice, within the law, with financial probity, and in accordance with the requirements of relevant regulators.

Reporting:  The Audit Committee reports to the Trustees (Executive Board), and is required to make at least one formal report each year.  Whilst responsible to the Trustees the Audit Committee is essentially outside the formal reporting structure (i.e. it determines its own work plan, and is free to comment on the work of the Council, Executive Board or staff as it thinks fit).  The Audit Committee’s reports, while addressed to the Trustees, will also be made available to the Council of the Institution for discussion.

Membership:  Five current or former members of the Council of the Institution and a Vice President, ex officio.  The quorum is 4 (including the Vice President).  Members of the Audit Committee will normally serve for three years retiring in rotation.

The group has the power to co-opt specialist help as required (for example, personnel or finance advisors from other organisations). A representative of the Education and Membership Self Assessment Panel will be invited to attend meetings of the Audit Committee as appropriate.
 

Current Membership for 2011-12

Mike Jones, Chair
George Batten
Mike Bordiss
Alistair Haydock
Rob McCartney Vice Chair
Paul Warner

Ex Officio

Roger Elphick Honorary Treasurer
David Gibby, Vice President

Terms of reference

The terms of reference for the Audit Committee are attached.Audit Committee Terms of Reference  

For more information contact Brian Murrell, Director of Corporate Services: brian.murrell@ciht.org.uk