Audit and Risk Committee Charter
This Charter provides information regarding the Audit and Risk Committee (ARC) which has been established in compliance with section 45 of the Public Governance, Performance and Accountability Act 2013 (PGPA Act) and PGPA Rule 17 Audit Committees for Commonwealth Entities.
The Committee’s role is to provide independent assurance to the Secretary on the following four functions (as per the Department of Finance — Resource Management Guide 202):
- financial reporting
- performance reporting
- system of risk oversight and management
- system of internal control.