Council Committees

The Audit and Risk Management Committee reviews external auditors’ reports and management responses for annual consolidated University and subsidiaries’ Financial Statements, the Annual Report and annual consolidated University Financial Statements and subsidiaries’ Financial Statements prior to their respective Boards of Directors’ approval, and recommends the selection and appointment of external auditors, and considers and approves 3-year and annual internal audit plan.  The Committee also formulates, keeps under review and updates a risk management policy for approval by the Council and is responsible for other matters in relation to risk management and control of the University.