Audit and Risk Committee
The Audit and Risk Committee provides an independent, objective review of arrangements for internal control within NICE.
Following revisions to the Corporate Governance Code in Central Government, Boards are now more clearly tasked with setting the organisation's risk appetite and ensuring that controls are in place to manage risk within this. The Audit and Risk Assurance Committee is a crucial mechanism for supporting the Board in meeting these obligations.
The role is a challenging one and needs strong, independent members with an appropriate range of skills and experience. It will benefit from a strong collaborative relationship with the organisation to ensure that the committee gets the support and information that it needs. The committee will also need to act as the conscience of the organisation and to provide insight and strong constructive challenge where required, for example, regarding risks arising from increasing fiscal and resource constraints, new service delivery models, information flows on risk and control, and the agility of the organisation to respond to emerging risks.
Whilst much of the content of this document focuses on central government departments, it is equally applicable to Executive Agencies, executive Non-Departmental Public Bodies and other Arms Length Bodies.
The members of the Audit and Risk Committee are:
- Jonathan Tross, Non-Executive Director (Chairman)
- Professor David Hunter, Non-Executive Director
- Professor Rona McCandlish, Non-Executive Director
The Attendees of the Audit and Risk Committee meetings are:
- The Chief Executive
- The Business Planning and Resources Director
- The Associate Director - Financial Management
- The Associate Director - Financial Accounting
- The Procurement Manager
- The Governance Manager
- The External Auditors
- The Internal Auditors
- Counter Fraud
Audit Committee meeting minutes
This page was last updated: 31 May 2013