University Calendar 2007/08
Section II: Committees of the Council


MAIN INDEX
PREFACE
SECTION I
SECTION II
SECTION III
SECTION IV
SECTION V
SECTION VI
SECTION VII
SECTION VIII
SECTION IX
SECTION X
ARCHIVE 2002/3
ARCHIVE 2003/4
ARCHIVE 2004/5
ARCHIVE 2005/6
ARCHIVE 2006/7
Audit Committee

Terms of reference
  1. To recommend the appointment of internal and external auditors to the University and to approve the terms of such appointments.

  2. To review annual financial statements before they are submitted to Council.

  3. To review the findings of the external auditors and to discuss with them the extent of their audit; and to monitor the effectiveness of the external audit.
  4. To review management procedures including risk management and to monitor the effectiveness of systems of accounting and internal control.

  5. To review the internal auditors' audit needs assessment and audit plan.

  6. To monitor the effectiveness of internal audit and the actions taken in response to comments from the internal auditors and to recommend appropriate action as necessary.

  7. To comment upon questions of value for money and the general efficiency, economy and effectiveness with which aspects of the University's activity are undertaken, and to recommend appropriate action as necessary.
Note:
The Committee normally reports to Standing Committee but has the right to insist that specified matters should be drawn to the attention of Council and/or the Vice-Chancellor as Accounting Officer.

Membership
     
  Lay Chair drawn from current membership of Council Mr M S Killingley (31.07.08)
  One University member not being the head of a budgetary group (appointed ad personam) Professor D Martin (31.07.09)
  Three persons with senior financial management experience gained outside the University Mr P Dingley (31.07.07)
Mr R G Hanley (31.07.09)
Mr M Burrow (31.07.09)
     
  Secretary Ms C J Gamble

Note:
The appointed members shall normally serve no longer than two consecutive periods of office. The Treasurer is to be invited to attend meetings as an observer and has the right to speak, as appropriate.


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Submitted by the Secretariat
Last reviewed: 04-Feb-2008
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