Terms of reference
The terms of reference for the Audit Committee, as agreed by the House of Lords Commission in September 2016, are:
1. To consider internal and external audit reports and other material, and to assess management responses thereto;
2. To agree the annual internal audit work programme and to monitor progress against the audit plan;
3. To provide advice to the Clerk of the Parliaments in the exercise of his responsibilities as Accounting Officer;
4. To evaluate the adequacy of the risk management system and the suitability of the control arrangements reported to it; and to advise the Clerk of the Parliaments as Accounting Officer and the Management Board accordingly;
5. To encourage value for money, good financial practice, appropriate internal controls, and effective governance throughout the administration of the House;
6. To review the annual financial statements and accounts;
7. To make an annual report to the House, to be submitted, in the first instance, to the Commission and to be published with the House of Lords' Annual Report;
8. To work with the House of Commons Administration Estimate Audit Committee to monitor areas of joint interest of both Houses;
9. To review regularly the effectiveness of the Audit Committee.
The House of Lords Audit Committee was established in 2002, by the House of Lords Offices Committee (Fifth Report, Session 2001-02, HL Paper 105), following a recommendation from a Working Group on Management and Services in the House. The Committee’s membership and terms of reference are agreed by the House of Lords Commission.
The Committee meets four times a year and on a further two occasions jointly with the House of Commons Administration Estimate Audit Committee. It reports annually to the House.