Common use of The Board and Audit and Risk Committee Clause in Contracts

The Board and Audit and Risk Committee. As the Accounting Authority in terms of the PFMA, the Board has a fundamental role in the management of risk. It will:  receive an opinion from the Audit and Risk Committee that will include its review of the processes of risk management and internal control;  consider risk issues as they affect Board decisions;  review key strategic risks that will be analysed annually alongside the strategic plan; and  periodically review risks as part of the monitoring of the annual operating plan.

The Board and Audit and Risk Committee. As the Accounting Authority in terms of the PFMA, the Board has a fundamental role in the management of risk. It will:  • receive an opinion from the Audit and Risk Committee that will include its review of the processes of risk management and internal control;  • consider risk issues as they affect Board decisions;  • review key strategic risks that will be analysed annually alongside the strategic plan; and  • periodically review risks as part of the monitoring of the annual operating plan.

The Board and Audit and Risk Committee. As the Accounting Authority in terms of the PFMA, the Board has a fundamental role in the management of risk. It will:  receive an opinion from the Audit and Risk Committee that will include its review of the processes of risk management and internal control;  consider risk issues as they affect Board decisions;  review key strategic risks that will be analysed annually alongside the strategic plan; and  periodically review risks as part of the monitoring of the annual operating plan.

The Board and Audit and Risk Committee. As the Accounting Authority in terms of the PFMA, the Board has a fundamental role in the management of risk. It willwill do the following:  receive Receive an opinion from the Audit and Risk Committee that Committee, which will include its review of the processes of risk management and internal control;  consider . Consider risk issues as they affect Board decisions;  review decisions Review key strategic risks that will be analysed annually alongside the strategic plan; and  periodically Strategic Plan Periodically review risks as part of the monitoring of the annual operating plan.Operating Plan