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Audit and Risk Committee (ARMC)

This Committee has the following responsibilities:

  • providing independent assurance in relation to FASEA’s financial reporting, risk oversight and management, systems of internal control, compliance with relevant laws and policies and compliance with the PGPA Act performance reporting framework;
  • providing advice and making recommendations to the Board in respect of these matters;
  • reporting financial and regulatory information to users of financial reports;
  • monitoring the internal control system;
  • monitoring the risk management system;
  • monitoring of outsourced providers; and
  • monitoring compliance with applicable laws, regulations, standards and best practice guidelines.