Finance and Audit Committee
The purpose of the Finance and Audit Committee is to assist the Board of ACFID to fulfil their corporate governance and oversight responsibilities in relation to financial reporting, internal control structure, risk management systems and the external audit functions.
All members of the Committee are appointed by the Board.
The Committee has a minimum of three members including a minimum of two members drawn from the Board. The Committee has at least one external member, appointed by the Board to provide complementary skills and experience as required. The membership of the Committee should provide sufficient experience in financial reporting, accounting, audit and risk management.
The current membership of the Finance and Audit Committee is comprised of:
- Two Members of ACFID Executive Committee
- Two External Members, appointed by the Executive Committee.
The roles and responsibilities of the Finance and Audit Committee are described in the Terms of Reference of the ACFID Finance and Audit Committee.