1. Remit
The purpose of the Audit and Risk Assurance Committee (ARAC) is to support the Board and the Accounting Officer (Chief Executive) with their responsibilities relating to control, governance and risk management.
The committee will discuss and provide scrutiny and challenge on:
- annual plans for risk analysis
- risk assurance on specific projects and areas of the business-as-usual activity
- annual plans for the Government Internal Audit Agency and any significant adjustments resulting from the audit
- IfATE’s annual report and accounts, including any significant adjustments to these following audit
- accounting policies and practices, and any changes in them
- compliance with government accounting standards
- arrangements for the prevention of fraud, error and overpayments and any other issues concerning regularity and propriety that the committee feels should be drawn to the attention of the Accounting Officer; and
- whistleblowing policies and arrangements
For further information please refer to the committee’s Terms of Reference in the IfATE Governance Framework.
2. Membership and attendance
Board members:
- Sir Peter Estlin (Chair)
- Neil Morrison
- Bev Robinson CBE
Independent members:
- Martin Doel
Standing attendees:
- Chief Executive (Accounting Officer and Executive Sponsor)
- Chief Financial Officer
- Government Internal Audit Agency (GIAA)
- National Audit Office (NAO)
3. Minutes
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
|---|---|---|---|---|---|
| June | March | March | April | March | March |
| October | May | June | June | June | |
| December | September | September | September | September | ARAC minutes - September 2022 |
| December | December | September | December | ARAC minutes - December 2022 | |
| December |
| 2023 | 2024 | ||||
| ARAC minutes - March 2023 | ARAC minutes March 2024 | ||||
| ARAC minutes - July 2023 | ARAC minutes - July 2024 | ||||
| ARAC minutes - September 2023 | ARAC minutes - September 2024 | ||||
Last updated 7 February 2025
(RC, NS)