Audit & risk management committee
Wannon Water established an Audit & Risk Management Committee to assist the Board in fulfilling its corporate responsibility in relation to audit and risk management.
Tasks that the Audit & Risk Management Committee target, include:
- the monitoring of financial and regulatory reporting;
- performing independent review and assessment of key risks by independent audit;
- regular reviews of Wannon Water's Risk Management Policy (based on AS/NZS ISO 31000:2009 Risk Management - Principles and Guidelines) and Risk Management Framework;
- reviewing the adequacy of Wannon Water's Risk Register, associated internal controls and strategies to mitigate or take advantage of the risks; and
- ensuring that there is suitable framework and process for compliance with legislation, regulations, standards and best practice guidelines.
For further information, please see the Audit & Risk Management Committee Charter.
