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.

All labels observed (1)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf audit committee ⓘ
risk committee ⓘ
university governance committee ⓘ
affiliatedWith Monash University ⓘ
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 ⓘ
reportsTo Monash University Council ⓘ
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 ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Monash University Council → hasCommittee → Audit and Risk committee of Monash University Council ⓘ