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Appendix B: Audit Committee

Table B1: Audit Committee members, 2019–20

Member name

Qualifications, knowledge, skills or experience (include formal and informal as relevant)

Number of meetings attended / total number of meetings

Total annual remuneration

Mark Ridley (independent chair)

Mark Ridley is a Fellow of Chartered Accountants Australia and New Zealand and a graduate of the Australian Institute of Company Directors, and holds bachelor degrees in Commerce and Accounting.

Mark has served as independent member and chair of audit and risk committees for several large and medium-sized Commonwealth agencies since 2011, and also assists some entities in the oversight of information and communications technology (ICT) projects. He was formerly a senior partner of PricewaterhouseCoopers with leadership roles in risk advisory, internal audit and ICT project assurance for large companies in industry and financial services, as well as for state and federal government agencies.

5 out of 5

$33,000

Maria Storti (independent member)

Maria Storti is a Fellow of Chartered Accountants Australia and New Zealand, a Fellow of the Australian Institute of Company Directors and a member of the Australian Institute of Internal Auditors, and holds a master degree in Business Administration and a bachelor degree in Economics.

Maria serves as an independent chair and member of Commonwealth agencies and companies’ audit committees and is a non-executive director. She is a former Ernst & Young performance advisory partner, has audit experience from her time at PricewaterhouseCoopers, and has held senior leadership roles in the Australia and ACT governments, including as chief financial officer.

5 out of 5

$22,000

Chris Ramsden (independent member)

Chris Ramsden is a Fellow of CPA Australia, a graduate of the Australian Institute of Company Directors, and a certified executive coach, and holds a bachelor degree in Business (Accounting/Finance).

Chris serves as a member of audit and risk committees for several Commonwealth agencies. He is a former senior executive in the Australian Public Service, has been the chief financial officer of several government agencies, and has held leadership roles in finance, human resources, ICT, project management, governance, internal audit and risk management.

5 out of 5

$22,000

Stephen Abraham (internal member)

Stephen Abraham has a bachelor degree in Commerce and Laws.

Stephen is an employee of the agency, and serves on other AFSA governance boards and committees, including the Risk and Operations Management Committee and the PPSR Program Group. He is currently a director in the Insolvency and Trustee Services Division at AFSA and has previously held leadership positions in the Department of Communications.

5 out of 5

0