Audit and Risk Management Committee

The functions of the Audit and Risk Management Committee are to determine whether the Diocese has appropriate controls in place, which are working effectively to support good governance, compliance with legislation and other regulatory obligations.

In particular the Committee is to:

(a) review the external audits and advise Bishop-in-Council on recommendations contained in them,
(b) review internal controls and applicable policies,
(c) report to Bishop-in-Council on these and other matters as may be referred to the Committee by Bishop-in-Council, and
(d) establish and maintain a risk management framework for the Diocese.

The Committee is a committee of Bishop-in-Council. It is to function in an oversight, review and advisory role, and is to work strategically in its area of responsibility. It has no delegated financial or executive authority.