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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.

Audit Committee Regulations [PDF; 59 KB]

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.