Sub-prime lending crisis 'presents a challenge for councils' savs group

摘要

Finance officers in Northern Ireland have been urged to review the role of the audit and risk committee, following the sub-prime lending crisis. CIPFA Northern Ireland said the collapse of Northern Rock building society had highlighted the issue as a critical challenge for local authorities. The group is to hold a special seminar next month and its head, David Nicholl, said: 'Audit committees are now established in many organisations, but many audit committee members still do not feel well equipped with the necessary knowledge and skills to effectively discharge their responsibilities.'