Bicycle Network: Board & Governance

Extracts from the Board CEO interrelationship policies.

5.1 Committee Objective
The objective of the Audit and Risk Committee is to assist the Board in discharging its responsibilities with respect to overseeing all aspects of financial and non-financial reporting, control and audit functions and organisational risk.
 

5.4 Responsibilities
The duties of the Audit and Risk Committee are as follows:
a) Identification of the broad risk parameters within which Bicycle Network Victoria operates and to bring to the Board’s notice all such risks as the Committee feels should be addressed by the Board;
b) oversight and monitor of the effectiveness of the Chief Executive Officer’s risk management programme and periodically to report to the Board on the effectiveness of this;
c) liaison with internal and external auditors;
d) review of the annual audit plan with the auditors and oversight of the rotation of the principal audit partner;
e) review of audit findings and the annual financial statements;
f) review of the integrity of the Chief Executive Officer’s financial and non-financial reporting to the Board;
g) oversight of compliance with statutory responsibilities relating to financial and non-financial disclosure;
h) review of internal financial systems and accountabilities;
i) ensuring that recommendations highlighted in the internal audit reports (if any) are actioned by management;

j) supervision of special investigations in areas of financial and non-financial performance when requested by the Board.
k) In addition, the Audit and Risk Committee shall examine any other matters referred to it by the Board.
 

Link to the Board CEO interrelationship policies.