Audit Committee

Terms of Reference

To assist the Council in discharging its responsibilities under the Public Finance Act 1989 and the Education Amendment Act 1990, including:
- considering the adequacy of the form and content of published financial statements;
- determining whether accounting policies adopted by the University are appropriate;
- monitoring the quality of internal control systems and processes;
To ensure the existence of effective internal audit and oversee its implementation and performance;
To liaise with external auditors in order to consider risks and issues as part of the external audit planning process;
To examine issues raised by external auditors;
To assess the performance of the external audit in the context of statutory obligations.

Three lay members of Council, of whom one shall be appointed Convenor by the Council;
The Chief Operating Officer, the Director of Financial Services and the Internal Auditor are in attendance.