The Audit and Risk Committee is responsible for reviewing the establishment and maintenance of an effective system of integrated governance, risk management and internal control, across all activities that support us achieving our objectives.
A key purpose of the Audit and Risk Committee is to monitor the integrity of the ICB’s financial statements and assure itself that relevant risks, particularly financial, are appropriately identified and managed within a robust system of internal control.
The Audit and Risk Committee is also responsible for seeking appropriate assurance on arrangements for counter-fraud and audit work programmes.
The committee’s terms of reference are included in the governance handbook.