Audit Committee

E245898

The Audit Committee is a governance body within the British Library’s board structure responsible for overseeing financial reporting, risk management, and internal control processes.

All labels observed (1)

Label Occurrences
Audit Committee canonical 2

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf board committee
governance body
collaboratesWith Board of the British Library
surface form: British Library Executive Team

British Library internal auditors
National Audit Office
country United Kingdom
documentedIn British Library annual report and accounts
British Library governance statements
follows UK corporate governance principles
public sector audit and accountability standards
governs British Library’s risk management framework
British Library’s system of internal control
hasChair non-executive board member
hasMemberType independent members
non-executive board members
hasRole monitor effectiveness of internal audit
monitor integrity of financial statements
oversee relationship with external auditors
review internal control systems
review internal financial controls
review risk management systems
review significant financial reporting judgments
legalForm committee of a non-departmental public body
meetsFrequency several times per year
oversees external audit process
financial reporting
internal audit function
internal control processes
risk management
partOf Board of the British Library
surface form: British Library Board
primaryObjective provide assurance to the Board on risk, control and governance
reportsTo Board of the British Library
surface form: British Library Board
responsibleFor reviewing compliance with relevant laws and regulations
reviewing effectiveness of financial management
reviewing policies for managing major risks
scopeIncludes oversight of risk register
review of annual report and accounts
review of assurance framework
review of fraud and irregularity arrangements
review of whistleblowing arrangements
sector national library
supports Board’s responsibilities for financial stewardship
Board’s responsibilities for governance
Board’s responsibilities for risk oversight

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Budget Committee hasSubcommittee Audit Committee