Audit and Risk Committee

The Audit and Risk Committee is responsible for advising the Council on the effectiveness of the University’s management and control systems. To this end, it meets with external auditors to discuss their audit findings, and with internal auditors to consider detailed internal audit reports and recommendations for the improvement of the University’s systems of internal control, together with management responses and implementation plans.  Audit and Risk Committee also receives and considers relevant reports from the OfS and other bodies (such as the National Audit Office) which affect the University’s business, and monitors adherence to regulatory requirements.

The Committee reviews the University’s annual financial statements together with the accounting policies and advises Council on the appointment of internal and external auditors.

Whilst senior executives attend meetings of the Audit and Risk Committee as necessary, they are not members of the Committee and the Committee meets privately with the internal and external auditors at least once a year.