About the Committee
The Audit, Corporate Governance and Risk Management Committee is established in line with Public Finance Management Act 2012-Section 73(5), Public Finance Management Regulations, section 174, good corporate governance principles and section 12(1) of the Commission on Revenue Allocation Act, 2011. The committee reports to the Commission.
The purpose of the audit committee is to;
1. Provide an independent expert assessment of the activities of management, the quality of the Risk Management, Financial Reporting, Financial Management and Internal Audit to the Commission;
2. Ensure that external audit recommendations are fully addressed and that the quality of internal audit is of an appropriate standard;
3. Ensure that line management has full regard to internal audit recommendations;
4. Support the commission by monitoring and reviewing the risk, control and governance processes that have been established in the entity pursuant to commission policies.