Terms of reference include: to receive and advise on the District Auditor's Management Letter; to review the effectiveness of audit activity and oversee the formulation of annual audit plans.
The Subcommittee's name was changed and its terms of reference revised on 7/Jan/1999 to include management of the Best Value review process. Best Value was introduced in the Local Government (Best Value and Capping) Bill 1999 to replace Compulsory Competitive Tendering with a programme for continuous reviews of services together with enhanced public consultation procedures.
Replaced by the Best Value Committee under the new constitution of 5 November 2001 (see CC2/28)