Audit and Risk Committee

The AASB and AUASB Audit and Risk Committee’s (ARC) role is to provide independent assurance and assistance to the Chairs on their financial and performance reporting responsibilities, risk oversight and management, and system of internal control. The Committee is not responsible for the executive management of these functions. The Committee engages with management in discharging its advisory responsibilities and formulating its advice to the Chairs.

The Audit and Risk Committee follows the recommended practice guidelines issued by the Department of Finance for non-corporate Commonwealth entities. The Audit and Risk Committee comprises an independent external Chair, and two external members. The Australian National Audit Office (ANAO) also attends Audit and Risk Committee meetings as an observer, as do other AASB and AUASB management representatives.

Audit and Risk Committee members are:

Member Qualifications, knowledge skills or experience

Stuart Alford

BEcon (Hons), FCA, MAICD. is the Independent Chair of our Audit and Risk Committee. Stuart is a Non-Executive Director with considerable board and audit committee experience. He is a retired EY partner and a former member and Chair of the Auditing and Assurance Standards Board.

Michael Alexander

Honours Economics, Research Doctorate, Labor and Industrial Relations, Deputy Director, Corporate Services at Australian Institute of Family Studies

Kylie Maher

Graduate, Australian Institute of Company Directors, Certified Practicing Accountant (CPA), Bachelor of Business (Accounting) and Member, Institute of Internal Auditors. Kylie has 25 years experience in providing Finance, Risk and Governance advisory services as a Partner/Director at Moore Australia and KPMG.

Mark Stretton

BCom(Acc&Fin), BEc, GradDipAppFin&Inv, FFIn, CA, CPA
Mark is a partner with Deloitte Touche Tohmatsu where he has 28 years experience providing audit and assurance services in Australia and internationally.

Ric De Santi

BBus (Accounting), FCPA, GAICD. Ric is a non-executive director with extensive board and audit committee experience. Before retiring from full time work, Ric was Deputy Auditor-General in Tasmania with over 35 years’ experience in public sector audit.  He is also a former Director and Deputy President of CPA Australia.

Audit and Risk Committee Charter

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