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 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 British Library Board ⓘ
primaryObjective provide assurance to the Board on risk, control and governance ⓘ
reportsTo 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 ⓘ