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

ARAC minutes - June 2022
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 - July 2023          
ARAC minutes - September 2023          

ARAC minutes - December 2023

          

 


Last updated 26 April 2024
(JT, NS)