The Audit and Risk Assurance Committee supports the Accounting Officer in carrying out their formal accountability responsibilities. The Committee offers objective advice and ensures that the most efficient, effective and economic risk, control and governance processes are in place. The Audit and Risk Assurance Committee also acts on behalf of the Board to provide them with assurance on these issues.
There shall be three members of the Audit and Risk Assurance Committee, which will include theChair. The Chair is appointed by the Commission Board. An Independent Adviser shall be appointed by the Commission Board, but not be a member of the Audit and Risk Assurance Committee.
The Audit and Risk Assurance Committee minutes will be circulated to the Board and a report of the work of the Audit and Risk Assurance Committee will be presented annually to the Board.