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Audit Committee

Reporting directly to the RANZCP Board, the Audit Committee oversees and monitors the College's audit processes, including the College's internal control activities.

Committee Chair and Committee Contact Information

The Chair of the Audit Committee is A/Prof. John Allan.
Contact the committee at board_audit@ranzcp.org.

Committee Member Commitment Required

Members' key responsibilities include:

  • monitoring and reviewing overall audit policy, financial planning and financial strategies of the College, and the process for their implementation
  • identifying risks associated with the audit function, and for reporting high level risks to the Board, with recommendations for mitigation
  • monitoring the College’s exposure to fraud
  • ensuring the College’s financial system is audited annually
  • recommending to the Board the appointment and terms of engagement of the external auditors and their audit plan
  • ensuring the independence of the external auditor and reviewing the performance of the external auditor
  • compliance with applicable laws, regulations, standards and best practice guidelines.

Meeting frequency:

The Committee typically meet by teleconference three (3) times per calendar year (each meeting is approximately 1.5 hours in duration).

A committee member may also be required to respond to emails between formal meetings.