Moved by
Lord McKenzie of Luton
34A: After Clause 7, insert the following new Clause—
“Audit committees
(1) A combined authority must arrange for the appointment of an audit committee to—
(a) scrutinise the authority’s financial affairs;
(b) review and assess the authority’s risk management, internal control and corporate governance arrangements; and
(c) review and assess the economy, efficiency and effectiveness with which resources have been used in discharging the authority’s functions.
(2) The audit committee must have an independent chair.”