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.

Andrew Mills

BBus, LLM, Grad Dip Tax Law, CTA (Life), GAICD. Andrew has over 40 years’ experience in senior commercial, practice, government and academic roles and experience as a member of other audit and risk committees.

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.

Audit and Risk Committee Charter

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