The House of Lords Audit Committee was established on 14 May 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 Committees membership is appointed by the House Committee.
Terms of reference
The terms of reference for the Audit Committee works are:
1. To consider internal and external audit reports and other material, and to assess management responses thereto;
2. To recommend to the Accounting Officer (i.e. the Clerk of the Parliaments) a suitable annual internal audit work programme and to monitor progress against the audit plan;
3. To provide advice to the Accounting Officer in the exercise of his responsibilities;
4. To evaluate the adequacy of the risk management system and the suitability of the control arrangements reported to it, and to advise the Management Board accordingly;
5. To monitor value for money, good financial practice, appropriate internal controls, and effective governance throughout the administration of the House;
6. To make an annual report to the House, to be submitted, in the first instance, to the House Committee and to be published with the House of Lords Annual Report.
The Committee usually meets four times a year.