Essentials for Audit & Risk Assurance Committee Members

Being a member of an Audit & Risk Assurance Committee (ARAC) requires significant experience of risk, performance and financial management. Some Board Members would have existing experience from their other roles in the public sector, but for most Board Members, their experience primarily draws from the private or voluntary sectors. Although their experience is relevant, the application and arrival of sound judgement as a ARAC members of a public body require more than knowledge of risk, performance and financial management. This require a thorough of integrity and proper conduct of public life expected from ARAC members.

This virtual training will help ARAC Members to have an improved understanding of the role of ARAC, especially in relation to accountability in risk management and annual report and accounts. Through the use of case studies, participants will gain practical insights into best practice for audit and risk committees.

Key features:

• What role does Audit & Risk Assurance Committee (ARAC) play in central government departments, arm’s length bodies and NHS bodies
• What are the best practices for members of ARAC?
• What should be appropriate interactions between ARAC members and internal and external auditors
• What should members of ARAC look for in reporting

Who is this virtual course for:

This virtual course is designed for board members of public bodies who sit on audit and risk assurance committees. This course would be practical for senior management team, internal audit and other staff who work with ARAC.