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Audit and Risk Management Committee

Purpose

The Audit and Risk Management Committee supports Council in exercising its governance responsibilities by providing advice to Council in relation to the operation of the University's control environment, through the implementation of the annual audit and compliance programs and oversight of the University's Resilience Management Framework.

Terms of Reference

The Committee advises Council on:

  • the adequacy and effectiveness of the University's control environment;
  • the annual financial and compliance reporting requirements and the impact of any developments in accounting and regulations requirements;
  • jointly with the Finance Committee, the final draft of the annual financial statements and the audit report prior to the meeting of Council to approve the financial statements;
  • jointly with the Finance Committee, amendments to the financial delegations of the University;
  • the operation of the University's Resilience Management Framework, covering risk management, business continuity and disaster recovery, emergency management, fraud control and health, safety and wellbeing; and
  • major risks which may impact on the operation or reputation of the University and associated risk mitigation mechanisms.

The Committee is responsible on the delegated authority of Council for:

  • approval of the Internal Audit Charter;
  • approval of the University's annual internal audit program and reports issued as part of the program;
  • monitoring the University's relationship with the ACT Auditor-General;
  • monitoring the implementation of internal and external audit recommendations;
  • providing advice to the Vice-Chancellor on the appointment of the University's internal auditor service provider;
  • oversight of the University's resilience management framework, internal control and legislative compliance systems;
  • evaluating the University's insurance portfolio; and
  • monitoring work health and safety systems; and
  • reviewing and endorsing for Council's approval amendments to the Charter of Conduct and Values.

2018 Meeting Dates

  • Tuesday,  27 March 2018
  • Thursday,  23 May 2018
  • Thursday,  16 August 2018
  • Thursday,  15 November 2018

Joint Meetings with the Finance Committee

  • Thursday, 1 March 2018
  • Tuesday, 27 March 2018

Membership

Category Member Period of Appointment
External member of Council with relevant experience as Chair Mr Barry Mewett1 February 2016 - 30 June 2018
One of two external members of Council in addition to the Chair Vacant -
One of two external members of Council in addition to the Chair Dr Chris Faulks 7 March 2014 - 30 June 2019
Another member of Council Ms Mara Eversons1 January 2018 - 31 December 2019

Attendee with Speaking Rights

Vice-Chancellor and President (ex officio) Professor H. Deep Saini
Invited ObserverDr Tom Karmel AM

Invited attendees with speaking rights (attending for relevant agenda items)

DVC & VP, Finance & InfrastructureMs Vicki Williams    
Chief Executive People & Diversity Ms Kirsty Dwyer
Chief Audit Executive 
University's internal auditors  
ACT Auditor- General's Office  
Director, Finance & Business Services Ms Karma Auden

Staff Advisory Member (nil voting rights)

Associate Director, Risk and Audit Fleur Reid

Secretariat

General Counsel & University Secretary Mr Eric Wells
Minutes Secretary Ms Helen Vooren