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.

The role description for ARC members can be found here: ARC Member 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.

The ARC Annual Report 2020/21 can be accessed here

Membership

Richard Barnes	Deputy Pro-Chancellor & Senior Independent Member (Chair)
Ruth Bagley	Appointed by the Council
Tim Forman	Appointed by the Council
Jane Burns	Appointed by the Council
Neil Clatworthy	Co-opted Member	2022-2025
Peter Harris	Co-opted Member	2021-2024
James Rushton	Co-opted Member	2022-2025

In attendance

Professor Trevor McMillan	Vice-Chancellor	in attendance
Pascale Vermassen	Chief Financial Officer	in attendance
Clare Stevenson	Secretary to Council	in attendance
UNIAC	Internal Auditors	in attendance
PKF Littlejohn	External Auditors	in attendance
Secretary	Richard Fairweather (Secretariat Officer)	in attendance

External Auditors: PKF Littlejohn LLP
Internal Auditors: UNIAC

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

The Interim Chief Financial Officer 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

Monday 6th November 2023
Thursday 7th March 2024
Wednesday 12th June 2024