Audit and Risk committee of Monash University Council
E1014437
The Audit and Risk Committee of Monash University Council is a governance body that oversees the university’s financial reporting, risk management, internal controls, and compliance on behalf of the Council.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Audit and Risk Committee of Monash University Council | 0 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
audit committee
ⓘ
risk committee ⓘ university governance committee ⓘ |
| affiliatedWith | Monash University NERFINISHED ⓘ |
| compositionIncludes |
independent members
ⓘ
members of Monash University Council ⓘ |
| country | Australia ⓘ |
| governedBy | charter approved by Monash University Council ⓘ |
| governsDomain |
compliance governance at Monash University
ⓘ
financial governance at Monash University ⓘ internal control framework at Monash University ⓘ risk governance at Monash University ⓘ |
| hasRole |
advise Monash University Council on risk appetite and risk profile
ⓘ
monitor compliance with laws and regulations ⓘ monitor effectiveness of internal control systems ⓘ monitor effectiveness of risk management systems ⓘ monitor integrity of financial statements ⓘ oversee external audit processes ⓘ oversee internal audit function ⓘ review adequacy of insurance coverage ⓘ review business continuity and disaster recovery arrangements ⓘ |
| hasScope |
compliance risk
ⓘ
financial risk ⓘ information technology and cybersecurity risk ⓘ operational risk ⓘ reputational risk ⓘ strategic risk ⓘ |
| language | English ⓘ |
| mayInvite |
external auditors
ⓘ
internal auditors ⓘ senior management of Monash University ⓘ |
| oversees |
compliance of Monash University
ⓘ
financial reporting of Monash University ⓘ internal controls of Monash University ⓘ risk management of Monash University ⓘ |
| partOf | Monash University Council NERFINISHED ⓘ |
| reportsTo | Monash University Council NERFINISHED ⓘ |
| responsibleFor |
assessing adequacy of governance and risk frameworks
ⓘ
monitoring implementation of audit recommendations ⓘ overseeing compliance with internal policies and codes of conduct ⓘ overseeing compliance with relevant legislation and regulations ⓘ overseeing systems for fraud prevention and detection ⓘ reviewing annual financial statements before Council approval ⓘ reviewing external audit management letters ⓘ reviewing internal audit plans and reports ⓘ reviewing risk registers and key risk indicators ⓘ reviewing significant accounting policies and judgments ⓘ |
| sector | higher education governance ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.