Decision details

Councillor Izzi Seccombe presented a report setting out the rationale for recommending an amendment to the WMCA’s constitution that would allow for the delegation of the approval of the statutory accounts to the Audit, Risk & Assurance Committee.

The WMCA was required to prepare and approve its annual statement of accounts and an annual governance statement. The Audit and Accounts Regulations required that the final version of these audited documents were considered and approved either by members of the WMCA as a whole or by a delegated committee. It was considered that the approval of these documents fitted closely with the terms of reference of the Audit, Risk & Assurance Committee, whose members already had a good understanding of the regulatory approval process. Any issues of concern that the committee might have could then be raised with the WMCA Board as necessary.

Resolved:

An amendment to the WMCA Constitution, to enable consideration and approval of the WMCA’s statutory Statement of Accounts to be delegated to the Audit, Risk & Assurance Committee be endorsed.