Introduction
The Audit Committee checks that we meet our financial and performance reporting responsibilities. They also check that we manage risks properly. It is an independent committee.
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Content
Purpose
The Audit Committee provides independent assurance to the General Manager on the Fair Work Commission’s:
- financial and performance reporting
- risk oversight and management
- systems of internal control, and
- internal audit program.
The General Manager appoints Audit Committee members. No members of the Committee are employed by the Commission.
The Audit Committee meets quarterly, and representatives from the Australian National Audit Office are invited to attend each meeting as observers.
Committee members' skills, knowledge and experience
The skills, knowledge and experience required of an Audit Committee member include:
- risk management
- internal controls
- industry/regulatory
- government/public policy
- information technology
- financial management
- governance
- business management
- accounting
Current committee members
The skills, knowledge and experience required of the Commission's Audit Committee are adequately covered by its current membership.
Current members of the Audit Committee are:
- Marion van Rooden (Chair)
- Adrian Walkden
- Narelle Sheppard
- Stephen Sheehan