Audit and Risk Assurance Committee.
6.1 A further important aspect of the College’s governance framework is its Audit and Risk Assurance Committee, hereafter referred to as Audit & Risk Committee (ARC) in-line with the Colleges Articles, which is required by the 1997 Order and the Articles of Government and established in line with the extant ARAC Handbook (NI).
6.2 The ARC’s purpose/role is to support the College Accounting Officer and GB on governance issues. In line with the extant ARAC Handbook (NI) the ARC focuses on: • assurance arrangements over governance; financial reporting; annual reports and accounts, including the Governance Statement; and • ensuring there is an adequate and effective risk management and assurance framework in place.
6.3 The College and the Department have agreed arrangements in respect of ARACs which include: • attendance by Departmental representative(s) in an observer capacity at the College’s ARC meetings, including the receipt of papers in advance of meetings; • input to the College’s Internal Audit Plan/Strategy as required; • access to the College ARC papers and minutes; • any input required from the College’s ARC to the Departmental ARAC; and • attendance at the Departmental ARAC Chair’s Forum. This forum is hosted by the Chair of the Department’s ARAC and the purpose of the forum is to facilitate co-operation and information sharing between ARAC Chairs from across Departmental Partner Organisations.
6.4 Full compliance with the extant ARAC Handbook (NI) is an essential requirement. In the event of significant non-compliance with the Handbook’s five good practice principles (or other non-compliance) discussion will be required with the Department and a full explanation provided in the annual Governance Statement.
6.5 The extant ARAC Handbook (NI) is available on the DoF website. It is noted that members of the ARC should not be members of any college finance committee or equivalent. The Chair of the Governing Body and the Principal/Chief Executive of the College cannot be a member or Chair of the ARC; however they can attend meetings.
6.6 Should the ARC require additional skills, not available within the existing ARC membership, reference should be made to the extant ARAC Handbook (NI) in the first instance and any individual drafted in as an advisor will not have the status of a member appointed to the GB (i.e. no voting rights).
Audit and Risk Assurance Committee. 6.1 A further important aspect of NIFRS governance framework is its Audit, Risk & Governance Committee, established in line with the extant Audit and Risk Assurance Committee Handbook (NI). on governance issues. In line with the handbook the Audit, Risk & Governance Committees focuses on:
6.2 The Audit, Risk & Governance Committee’s purpose/role is to advise the Board • Assurance arrangements over governance; financial reporting; annual reports and accounts, including the Governance Statement; and • Ensuring there is an adequate and effective risk management and assurance framework in place.
6.3 NIFRS and DoH have agreed the following arrangements which may include the need for: • Attendance by departmental representatives at NIFRS’ Audit, Risk & Governance Committee meetings; • Access required to the Audit, Risk & Governance Committee papers and minutes; • Any input required from NIFRS’ Audit, Risk & Governance Committee to DoH’s own Audit and Risk Assurance Committee etc.
6.4 Full compliance with the handbook is an essential requirement. In the unlikely event of significant non-compliance with the handbook’s five good practice principles (or other non-compliance) discussion will be required with the Department and full explanation provided in the annual Governance Statement.
6.5 The extant Audit and Risk Assurance Committee Handbook (NI) is available on the DoF website.
Audit and Risk Assurance Committee. 6.1 A further important aspect of the College’s governance framework is its Audit and Risk Assurance Committee, hereafter referred to as Audit and Risk Committee (ARC) in-line with the College’s Articles, which is required by the 1997 Order and the Articles of Government and established in line with the extant ARAC Handbook (NI).
6.2 The ARC’s purpose/role is to support the College Accounting Officer and GB on governance issues. In line with the extant ARAC Handbook (NI) the ARC focuses on: • assurance arrangements over governance; financial reporting; annual reports and accounts, including the Governance Statement; and • ensuring there is an adequate and effective risk management and assurance framework in place.
Audit and Risk Assurance Committee. 7.1 A further important aspect of the Agency’s governance framework is its Audit and Risk Assurance Committee, established in line with the extant Audit and Risk Assurance Committee Handbook (NI).
7.2 The Audit and Risk Assurance Committee’s purpose/role is to support the Accounting Officer and Board on governance issues. In line with the handbook the Audit and Risk Assurance Committees focuses on: • assurance arrangements over governance; financial reporting; annual reports and accounts, including the Governance Statement; and • ensuring there is an adequate and effective risk management and assurance framework in place.
7.3 The Agency and DoH have agreed arrangements in respect of Audit and Risk Assurance Committees which include: • attendance by departmental representatives in an observer capacity at one of the Agency’s Audit and Risk Assurance Committee meetings each financial year; • access to the Agency’s Audit and Risk Assurance Committee papers and minutes; and • any input required from the Agency’s Audit and Risk Assurance Committee to the departmental Audit and Risk Assurance Committee. • completion by the Audit and Risk Assurance Committee of the National Audit Office Checklist on an annual basis. Assurance on completion of the checklist will be provided through the mid-year assurance statement and any exception issues should be reported to DoH; and • review of the Agency’s Audit and Risk Assurance Committee’s terms of reference by DoH; the Agency shall notify DoH of any subsequent changes to these terms of reference.
7.4 Full compliance with the Audit and Risk Assurance Committee Handbook (NI) is an essential requirement. In the event of significant non-compliance with the handbook’s five good practice principles (or other non-compliance), discussion will be required with the Department and a full explanation provided in the annual Governance Statement.
7.5 The extant Audit and Risk Assurance Committee Handbook (NI) is available on the DoF website.
Audit and Risk Assurance Committee. 2.1.1 For detailed information on the Audit and Risk Assurance Committee’s role and responsibilities, please refer to the Audit and Risk Assurance Committee Terms of Reference.
Audit and Risk Assurance Committee. 6.1 A further important aspect of PCC’s governance framework is its Audit and Risk Assurance Committee, established in line with the extant Audit and Risk Assurance Committee Handbook (NI).
6.2 The Audit and Risk Assurance Committee’s purpose/role is to support the Accounting Officer and Council on governance issues. In line with the handbook the Audit and Risk Assurance Committees focuses on: • assurance arrangements over governance; financial reporting; annual reports and accounts, including the Governance Statement; and • ensuring there is an adequate and effective risk management and assurance framework in place.
6.3 PCC and DOH have agreed arrangements in respect of Audit and Risk Assurance Committees which include: • attendance by departmental representatives in an observer capacity at PCC’s Audit and Risk Assurance Committee meetings; • Access to PCC’s Audit and Risk Assurance Committee papers and minutes; • Any input required from PCC’s Audit and Risk Assurance Committee to the departmental Audit and Risk Assurance Committee.
6.4 Full compliance with the Audit and Risk Assurance Committee Handbook (NI) is an essential requirement. In the event of significant non-compliance with the handbook’s five good practice principles (or other non-compliance) discussion will be required with the Department and a full explanation provided in the annual Governance Statement.
6.5 The extant Audit and Risk Assurance Committee Handbook (NI) is available on the DoF website.
Audit and Risk Assurance Committee. A further important aspect of the Fund’s governance framework is its Audit and Risk Assurance Committee (ARAC), established in line with the extant Audit and Risk Assurance Committee Handbook (NI) (attachment to DAO (DoF) 03/18). The ARAC’s purpose/role is to support the Accounting Officer and Board on governance issues. In line with the handbook, the ARAC focuses on: assurance arrangements over governance; financial reporting; annual reports and accounts, including the Governance Statement; and ensuring there is an adequate and effective risk management and assurance framework in place. The Fund and the DoJ have agreed arrangements in respect of ARACs which may include: attendance by departmental representatives in an observer capacity at the Fund’s ARAC meetings; access to the Fund’s ARAC papers and minutes; and any input required from the Fund’s ARAC to the departmental ARAC. Full compliance with the Audit and Risk Assurance Committee Handbook (NI) is an essential requirement. In the event of significant non-compliance with the Handbook’s five good practice principles (or other non-compliance), discussion will be required with the DoJ, and a full explanation provided in the annual Governance Statement.
Audit and Risk Assurance Committee.
6.1 A further important aspect of Sport NI’s governance framework is its Audit and Risk Assurance Committee, established in line with the extant Audit and Risk Assurance Committee Handbook (NI).
6.2 The Audit and Risk Assurance Committee’s purpose/role is to support the Accounting Officer and Board on governance issues. In line with the handbook the Audit and Risk Assurance Committees focuses on: • Assurance arrangements over governance; financial reporting; annual reports and accounts, including the Governance Statement; and • Ensuring there is an adequate and effective risk management and assurance framework in place.
6.3 Sport NI and the Department have agreed arrangements in respect of the Sport NI Audit and Risk Assurance Committee which include: • Attendance by departmental representatives in an observer capacity at Sport NI’s Audit and Risk Assurance Committee meetings; • Access to Sport NI Audit and Risk Assurance Committee papers and minutes; and • Provision of any input required from Sport NI’s Audit and Risk Assurance Committee to the departmental Audit and Risk Assurance Committee.
6.4 Full compliance with the Audit and Risk Assurance Committee Handbook (NI) is an essential requirement. In the event of significant non-compliance with the handbook’s five good practice principles (or other non-compliance) discussion will be required with the Department and a full explanation provided in the annual Governance Statement.
6.5 The extant Audit and Risk Assurance Committee Handbook (NI) is available on the DoF website.
Audit and Risk Assurance Committee. 6.1 A further important aspect of NIFHA’s governance framework is its Audit and Risk Assurance Committee, established in line with the Audit and Risk Assurance Committee Handbook (NI).
6.2 The Audit and Risk Assurance Committee’s purpose is to support the Accounting Officer and Board on governance issues. In line with the handbook the Audit and Risk Assurance Committees focuses on: • Assurance arrangements over governance; financial reporting; annual reports and accounts, including the Governance Statement. • Ensuring there is an adequate and effective risk management and assurance framework in place.
6.3 NIFHA and DAERA have agreed arrangements in respect of Audit and Risk Assurance Committees which include: • Attendance by departmental representatives in an observer capacity at NIFHA’s Audit and Risk Assurance Committee meetings. • Access to NIFHA Audit and Risk Assurance Committee papers and minutes, with minutes forwarded to Sponsor Branch in a timely manner. • Any input required from NIFHA’s Audit and Risk Assurance Committee to the departmental Audit and Risk Assurance Committee.
6.4 Full compliance with the Audit and Risk Assurance Committee Handbook (NI) is an essential requirement. In the event of significant non-compliance with the handbook’s five good practice principles (or other non-compliance) discussion will be required with the Department and a full explanation provided in the annual Governance Statement.
6.5 To fulfil its role, the Audit and Risk Assurance Committee will normally need to meet at least four times a year. Audit and Risk Assurance Committee meetings will normally be attended by the Accounting Officer, a representative of Internal Audit, and a representative from Sponsor Branch. A representative of External Audit will only be required to attend the Audit and Risk Assurance Committee if any issues are raised in the Auditor's Report to Those Charged with Governance (RTTCWG). Due to the independent nature of the Audit and Risk Committee, members should be both independent and objective. It is therefore considered good practice for the Chair to be excluded from membership of the Committee.
6.6 The Audit and Risk Assurance Committee Handbook (NI) is available on the DoF website.
