Membership

• A Chairperson with audit committee experience who may be external to the University; and
• Three members of Senate appointed under Articles 7.1.4 and 7.1.5 of the ACU Constitution (external members),

Date of Establishment:

31/3/1999 (Senate Resolution 99/16 refers)

Meeting Frequency:

3 times per year

Responsible Officer:

Deputy Vice-Chancellor (Administration and Resources)

Executive Officer:

Senior Administrative Officer (Secretariat)

Terms of Reference

The Audit Committee shall, subject to the direction and control of 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;
• Review and pass comments to Senate and, where appropriate, through the Standing and Finance Committee, on the annual financial statements and other relevant documents;
• Advise Senate and, where appropriate, through the Standing and Finance Committee, whether the external auditor is likely to issue an unqualified audit opinion on the annual financial statements;
• Review the risk management practices of the University in all areas of administration including litigation, fraud control and compliance with legislation; and
• Consider and report to Senate and, where appropriate, through the Standing and Finance Committe, on such matters as Senate may deem appropriate.

Review

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