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; 66 KB]

Note: The Regulations are currently under review.  If you have any questions, please contact ranzcp@ranzcp.org.

Committee Chair and Committee Contact Information

The current Chair of the Committee is Dr Elizabeth Moore. Contact the committee via elizabeth.moore@ranzcp.org.

Committee Member Commitment Required

Committee 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 will also be required to respond to emails between formal meetings.