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The role and purpose of the VSC Audit and Risk Committee

The Victorian Skills Commission (VSC) Audit and Risk Committee assists the VSC in fulfilling its monitoring and oversight responsibilities with regard to governance, risk management, audit and business assurance activities.

The committee's objectives are to:

• improve the credibility and objectivity of the accountability process (including financial reporting)
• provide a formal forum for communication between the VSC and senior Department financial management
• improve the effectiveness of the internal and external audit functions and be a forum for improving communication between the VSC and the internal and external auditors
• facilitate the maintenance of the independence of the external auditor
• provide a structured reporting line for internal audit and facilitate the maintenance of the objectivity of the internal auditor
• monitor the quality of internal and external reporting of financial and non-financial information
• foster and maintain an ethical culture in the Agency's operations

The full Audit and Risk Committee Charter (approved 21 February 2008) appears below:

• VSC Audit and Risk Committee Charter (PDF - 48Kb) Outlines the VSC Audit and Risk Committee Charter

2009 meeting dates

• Monday 30 March
• Tuesday 23 June
• Thursday 27 August
• Thursday 26 November