Moved by
Baroness Williams of Trafford
12: Schedule 3, page 28, line 22, after “COMMITTEES” insert “AND AUDIT COMMITTEES”
13: Schedule 3, page 31, line 48, at end insert—
“Audit committees
4 (1) A combined authority must arrange for the appointment by the authority of an audit committee.
(2) The functions of the audit committee are to include—
(a) reviewing and scrutinising the authority’s financial affairs,
(b) reviewing and assessing the authority’s risk management, internal control and corporate governance arrangements,
(c) reviewing and assessing the economy, efficiency and effectiveness with which resources have been used in discharging the authority’s functions, and
(d) making reports and recommendations to the combined authority in relation to reviews conducted under paragraphs (a), (b) and (c).
(3) The Secretary of State may by order make provision about—
(a) the membership of a combined authority’s audit committee;
(b) the appointment of the members.
(4) Provision must be made under sub-paragraph (3) so as to ensure that at least one member of an audit committee is an independent person (as defined by the order).”