Audit Risk and Finance Committee Charter
The Aboriginal Hostels Limited (AHL) Board of Directors, as the accountable authority, has established the Audit Risk and Finance Committee (ARFC) in compliance with the requirements of the Public Governance, Performance and Accountability Act 2013 (PGPA Act) and Public Governance, Performance and Accountability Rule 2014 (PGPA Rule) for wholly-owned Commonwealth companies.
The ARFC is a sub-committee of the AHL Board and assists the Board to discharge its responsibilities under the PGPA Act and Rule. The ARFC’s role is to provide independent assurance to the Board on the appropriateness of AHL’s:
- financial planning
- financial reporting
- performance reporting
- risk oversight and management
- systems of internal control, and
- legislative and policy compliance.