The Audit Panel is concerned with ensuring the security and monitoring of financial systems.
It ensures that there is an anti-fraud culture at the GLA and promotes probity and good practice within the core GLA. It liaises with the external auditors over their annual programme and with the Mayor, as appropriate, to approve the annual internal audit programme.
It deals with matters arising from external and internal audit reports and letters and reviews the GLA's Risk Management Policy. It also considers reports on expenses incurred by elected Members and senior officers and gifts and hospitality received by elected Members and senior officers.