Audit and Risk Committee – reporting requirements

Internal reporting by the Audit and Risk Committee

ICAS’ General Regulations require the Audit and Risk Committee to report:

• To Council at least twice per year (or more frequently if requested).

The Audit and Risk Committee reports formally to Council on an annual basis and also submits the minutes of each meeting to Council.

Internal reporting to the Audit and Risk Committee

The Audit and Risk Committee receives reports from the Chairs of each of the Operational Boards at each meeting.  This allows the Audit and Risk Committee to monitor the activities of these Committees, and ensure that their activities are aligned with ICAS strategy.

Self-evaluation

The Audit and Risk Committee will undertake a self-evaluation exercise in the next twelve months.  Such a review allows for a robust assessment of the effectiveness and impact of ICAS’ regulatory governance arrangements. The feedback will be used to ensure that the Audit and Risk Committee is fulfilling its remit under the General Regulations, and allow appropriate follow-up action to be taken on areas of improvement.

Public reporting

The Audit and Risk Committee is not required to undertake any public reporting.