Purpose and Terms of Reference

The Audit and Risk Committee (ARC) is a Sub-Committee of Senate and governed by University Statute 2.3. The Audit and Risk Committee shall, subject to the direction and control of the Senate, exercise the following functions:

  • Liaise with the external auditor on the scope and effectiveness of the external audit.
  • Review the actions taken by the University with respect to matters raised in the audit management letter.
  • In association with the Finance and Resources Committee, where appropriate, review and pass comments to the Senate on the annual financial statements and other relevant documents.
  • In association with the Finance and Resources Committee, where appropriate, advise the Senate as to whether the external auditor is likely to issue an unqualified audit opinion on the annual financial statements.
  • Review all significant changes to accounting policies from an audit perspective.
  • Review the risk management practices of the University in all areas of administration including litigation, fraud control and compliance with legislation.
  • In association with the Finance and Resources Committee, where appropriate, consider and report to the Senate on such other matters as the Senate may deem appropriate.

Meeting Schedule: See Governance Committee Calendar.

Committee Templates: See Governance Committee Templates.

Chair: Robert Baker (external appointment).

Governance Support: Hugh McCuaig, Governance Officer.

For general Audit and Risk Committee enquiries, please contact Governance@acu.edu.au.

Composition and Membership:

Composition Membership
A Chair with audit committee and expertise in financial matters, who may be external to the University and Senate Robert Baker
Four members of Senate appointed under Clauses 13.2(f) and 13.2(g) of the Constitution (external members), not less than one from each State or Territory Alice Bailey
Hon. James Douglas KC
Ross Fox
Francine Pirola
One Academic staff member elected under Clause 13.2(h) of the Constitution Prof Elspeth Froude
One professional staff member elected under Clause 13.2(i) of the Constitution Sarah Beltrame
Chair of the Academic Board Prof Tim McKenry
Vice-Chancellor and President Prof Zlatko Skrbis
Page last updated on 04/10/2023

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