The role of the Audit Committee is to review the work of the Internal Audit Unit, comprising completed audit reports, audit plans and programmes submitted to the Secretary General, and to consider other matters falling within its terms of reference which are determined by statute (section 14A of the Houses of the Oireachtas Commission Act 2003).
The functions of the Committee are
- To advise the Secretary General, as CEO and accounting officer of the Commission and head of the Service, on financial matters relating to his or her functions (including public service financial policies, procurement, expenditure control, asset management, risk management, financial reporting, internal audit and internal controls);
- To advise the Commission on matters of corporate governance relating to its functions;
- To meet at least 4 times annually and to report to the Commission annually on its activities.