Audit, Risk and Compliance Committee
Audit, Risk and Compliance Committee
The role of the Royal Far West Audit, Risk & Compliance Committee is to consider issues and/or make recommendations to the Board concerning the arrangements with the external auditor, the disclosures contained in the external financial reports, the adequacy of internal controls, and risk management policies, practices and procedures.
Functions:
- To review and make recommendations to the Board regarding the appointment/re-appointment of the external auditor, including the proposed remuneration
- To consider and approve the proposed external audit programme
- To meet with the auditor following the completion of the audit and consider its findings
- To recommend (or otherwise) the audited annual financial reports to the Board
- Ensure the adequacy of the internal financial controls
- Review, assess and ensure the adequacy the risk management procedures, policies and practices of the Royal Far West
- Review current reports of OH&S incidents
- Monitor adherence to clinical governance system and controls
- Monitor compliance with the Continuous Quality Improvement and Accreditation
- Oversight regular external assessment of risk exposure and protection
Members
- Louise Thomson (Chair)
- Paul Baker
