The role and operational terms of reference for the CIPFA Audit Panel are detailed below
The CIPFA Audit Panel is a functional, cross-sectoral Panel that reports to CIPFA’s Public Finance and Management Board (PFMB).
The PFMB has laid down generic terms of reference for all of the Panels for which it is responsible. These are set out below:
1. Support the continuous improvement of standards in public finance, management and governance, particularly in UK local government where the Institute has formal standard setting responsibilities through:
2. Generate ideas and opportunities for services and products which CIPFA may develop and deliver to help to improve public service organisations. Develop strong institutional relationships with Government and other relevant bodies to enable the accountancy profession to work in a more efficient way and to present its views more effectively. Deliver the Panel objectives through:
3. Contribute to ensuring that advice, guidance and services successfully developed in one sector or jurisdiction are suitably tailored and systematically made available to others both across the UK and RoI public services, and internationally. Maintain and further develop our position of authority and influence in the accountancy profession at both the national and global levels.
The Audit Panel have identified the following objectives as key to their activities:
The Panel meets 3 times per year and is supported by a Technical Manager from the CIPFA Secretariat.
Panels should have the following quorum requirements:
Panel membership vacancies are advertised openly and are aimed at CIPFA members. Whilst preference is given to Institute members, non-members may be appointed from key stakeholder organisations where required. Where there is more than one suitable candidate for any given vacancy, the Chair and Panel Secretary may conduct informal interviews with candidates.
Panel members are appointed for an initial period of three years, which may be renewed by agreement of both parties.
The Panel seeks to have representation from the five centres of government, normally nominated through the relevant CIPFA office i.e. Scotland, Northern Ireland, Wales, Republic of Ireland and England.