Audit and Risk Committee

 

Scope: to advise and assist the University Council in respect of the entire assurance and control environment of the institution.

The Audit and Risk Committee (ARC) adopts the CUC Audit Committees Code of Practice.
The Terms of Reference can be found here: ARC Terms of Reference 2021-2022‌.

The role description for ARC members and the ARC Chair can be found here: ARC Member and Chair Role Description

The minutes of the Audit and Risk Committee meetings are not published owing to the confidential and sometimes commercially sensitive nature of the business discussed.

The Audit and Risk Committee’s Annual Report records the work of the Committee and considers the reports received from the University’s internal and external auditors and other matters for which the Committee holds responsibility on behalf of Council.
 
The Annual Report also includes the Committee’s opinion of the adequacy and effectiveness of the institution’s arrangements for: 
      • risk management, control and governance; 
      • sustainability; 
      • economy, efficiency and effectiveness (value for money); 
      • management and quality assurance of data submitted to regulatory bodies. 

Membership

Richard Barnes

Deputy Pro-Chancellor & Senior Independent Member (Chair)

2020-2024

Ruth Bagley

Appointed by the Council

2018-2022

Hifsa Haroon-Iqbal

Appointed by the Council

2020-2024

Andrew Macleod

Appointed by the Council

2021-2025

Neil Clatworthy

Co-opted Member

2019-2026

Peter Harris

Co-opted Member

2021-2025

James Rushton

Co-opted Member

2021-2025

In attendance

Professor Trevor McMillan

Vice-Chancellor

in attendance

Stephen Avery

Interim Chief Financial Officer

in attendance

Clare Stevenson

Secretary to Council

in attendance

UNIAC

Internal Auditors

in attendance

KPMG

External Auditors

in attendance

Secretary

Fiona Dumbelton (Governance Manager)

in attendance

External Auditors: KPMG LLP
Internal Auditors: UNIAC

The Secretary to Council is the executive lead for the internal audit provision.

The Associate Director of Finance is the executive lead for the external audit provision.

Relevant University Policy Documents: 

The University’s Financial Regulations can be found here.     

The key policy documents relevant to the business of the Audit and Risk Committee can be found in the University’s Policy Zone. 

Committee dates

20th October 2021 at 9am
10th March 2022 at 2pm
15th June 2022 at 2pm